On 19 January 2005, the governments of Canada and Japan launched discussions for the development of an Economic Framework. On 19 November 2005, the Canada-Japan Economic Framework was signed. In the bilateral meetings of prime ministers and ministers at the November 2010 APEC Summit, Canada and Japan agreed to consider deepening economic ties. On 14 March 2011, the two governments held the first Canada-Japan Joint Study toward an Economic Partnership Agreement. At the meeting, trade and investment relationships between the two nations were discussed. Following the discussion, the second Canada-Japan Joint Study was held on 14 -15 April 2011.
On 25 March 2012, Canada and Japan launched negotiations towards a free trade agreement. The first round of negotiations for the Canada-Japan Economic Partnership Agreement (EPA) took place from 26 to 30 November 2012 in Tokyo, Japan. The second and third rounds took place on 22-26 April in Ottawa, Canada and on 08-12 July in Tokio, Japan, respectively. The fourth round of negotiations was held from 12 to 14 November 2013 in Ottawa. The fifth round of negotiations for the Canada-Japan EPA was held in Tokyo, Japan, from March 24 to 28, 2014. The sixth round of negotiations for the Canada-Japan Economic Partnership Agreement was held in Ottawa, Canada from 28-31 July 2014. The seventh round of negotiations for the Japan-Canada Economic Partnership Agreement was held in Tokyo from 17-21 November 2014.