Canada and MERCOSUR (Argentina, Brazil, Paraguay and Uruguay) signed a Trade and Investment Cooperation Arrangement and Action Plan on 16 June 1998.

In November 2004, at a meeting between the Brazilian President and the Prime Minister of Canada, a Joint Declaration was issues including a commitment to promote MERCOSUR-Canada trade relations by "negotiating enhanced market access in the areas of goods, services and investment, in the context of the creation of a future Free Trade Area of the Americas (FTAA)." In February 2005 MERCOSUR and Canada held preliminary discussions at the first meeting of the Canada-MERCSOUR trade and investment dialogue.

Documents relating to the negotiations
27-28 September 2005	Third meeting of Canada-MERCOSUR trade and investment dialogue
08 February 2005	Ottawa: Joint communiqué on the launch of the MERCOSUR-Canada dialogue on trade and investment
22-23 November 2004	Joint Declaration
16 June 1998	Trade And Investment Cooperation Arrangement and Action Plan between Canada and the Mercosur
Source: Foreign Affairs and International Trade Canada; Subsecretaría de Política y Gestión Comercial, Argentina; Ministerio de Relaciones Exteriores, Paraguay

• Canadian Foundation for the Americas (FOCAL)
• Foreign Affairs and International Trade Canada
• Ministerio de Relaciones Exteriores, Paraguay
• Subsecretaría de Política y Gestión Comercial, Argentina
• The Privy Council Office website, Canada