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Canadian economy 2010
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An overview of the Canadian economy using the most up-to-date data I could find
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OVERVIEW OF CANADIAN TRADE 1 Overview of Canadian Trade Name: Course: Tutor: Date: Table of Contents Introduction………………………………………………………………………….3 Overview of economy……………………………………………………………….3 Agriculture…………………………………………………………………………...6 The forest industry…………………………………………………………………..7 Extractive industry…………………………………………………………………..8 Export……………………………………………………………………………….10 Import……………………………………………………………………………….13 Conclusion…………………………………………………………………………..15 Introduction Canada is considered as one of the most successful states in the world. The country is a participant of the Organization for Economic Cooperation and Development and a member of the Big Eight. The country is one of the leading trading states in the world. Canada ranks sixth in the world in terms of turnover of foreign trade. Canada has a market economy with a slightly greater state intervention than in the United States, but much less than in most European countries. Overview of economy Canada is a trading country. Its exports exceed 200 milliard dollars, while imports had passed for 150 milliard dollars (Kippen, 2014). The geographical position of Canada had determined the orientation of its foreign trade in two countries: the United States as a market for raw materials and semi-finished products, and the UK as a major consumer of agricultural products and certain types of industrial raw materials. It should be noted that 70-80% of Canadian trade is with the United States. In its foreign trade activities Canada is based on the General Agreement on Tariffs and Trade (GATT). 25% of goods produced in Canada is exported, and in industries such as pulp-paper industry, lumbering and the aluminum industry, the export volume of more than half the volume of production. Canada ranks first in the United States imports. The importation into the United States many Canadian goods is produced by special bilateral agreements on free trade, and some kinds of raw materials and fuel are exported from Canada to the US is limited by quotas. The adoption of the Canadian-American Free Trade Agreement (1989) made it possible to eliminate barriers to trade between the two countries and to develop a bilateral mechanism for the settlement of disputes (McDougall, 2006). Any party that has some claims may bring them to one of the trade tribunals. In addition, the North American Agreement on Trade between the United States, Canada and Mexico increased the possibility of entrepreneurs and has created a single market with a number of consumers in 360 million people and the economic space, which is estimated in the trillions of dollars. Besides the United States, Canada is developing trade with other partners, especially the countries of the Common Market, China and Japan. Canada has always had a lower level of gross domestic product (GDP) per capita than in its neighbor to the sout.
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Canadian economy 2010
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Canadian Economics 2011
Jamie Mulholland
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Canada’s Economy Jamie
Mulholland
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