The International Trade and Finance Branch supports a strong and stable global economy through its work with international finance, trade and development institutions. It manages the Department’s input to G7/G20 economic issues for which the Minister of Finance holds responsibility and advises the Minister on a broad range of international issues respecting Canada’s foreign, development, trade and border policies.
ITFB comprises three Divisions.
Development Policy plays a lead role in shaping the development debate around international financial flows and related development issues. The section advises on the overall management and priority-setting of Canada’s International Assistance Envelope and has lead responsibility for the World Bank. It also carries out specific policy work on Canadian development priorities, and explores innovative financing for challenges such as natural disasters, global health, and research and development relevant to developing countries.
International Finance focuses on export finance, debt relief, and the multilateral development banks. This includes oversight of Export Development Canada and the Canadian Commercial Corporation, as well as export financing for the Canadian Wheat Board. This section also leads in multilateral negotiations on export credit practices at the OECD. It advises on debt relief issues in various settings, including the Paris Club, the IMF and the World Bank.
This section manages the Department's participation in the IMF, OECD, APEC, and other international economic fora. It is also responsible for policy research on a range of international financial issues, including reforms of the IMF and the role of the Fund in low- and middle-income countries.
This section manages Canada's participation in the G7/G20, and coordinates the Department's contribution to the G8 and G20 Leaders' Summits. It provides policy guidance on the international financial architecture and strategic direction with regard to the international economic and financial agenda.
This section develops and evaluates the impact of tariffs on Canadian businesses and consumers and recommends tariff relief to enhance Canadian competitiveness. It is directly involved in the negotiation and implementation of Canada’s tariff agreements under the WTO, NAFTA and other FTAs.
This section has legislative responsibility for laws governing Canada’s trade remedy system to protect domestic manufacturers from injurious imports in accordance with international rules. The section leads negotiations at the World Trade Organization and in bilateral trade initiatives on subsidy disciplines and trade remedy measures. It also monitors and advises on subsidy issues and major trade disputes.
This section provides analysis and advice on Canada’s foreign, trade and border policies in an effort to promote political stability, economic opportunity and safe and efficient borders. The section also represents the Department in trade negotiations regarding investment issues.