Canada's International Trade

Paper Summary:

This paper explains that Canada recently signed free trade agreements with the United States and Mexico (NAFTA), Chile, and Israel; because large populations originally from Asian nations now live in Canada, Canada has import and export opportunities with Asian nations, which are not readily available to other countries. The author points out two weaknesses. Canada has become almost too dependent on the United States, and it is extremely difficult to create a balance in its internal regulatory pressures. The paper relates that Canada's liberal import-export mentality has opened its borders to business people and employees; this has proved to be overly tempting for criminals and terrorists attempting to maneuver their way into or out of the United States.

From the Paper:

"But NAFTA presents far more opportunities than weaknesses. This can be demonstrated by the fact that the Canadian textile industry has flourished though NAFTA and the positive exposure that industry has received has translated into new lateral agreements with Japan, Hong Kong and China, Chile and other nations seeking high quality textile, clothing and shoe imports. Although recent scares with mad cow disease have curbed some cattle exports, overall the cattle industry in Canada is robust and appears to have a solid future exporting to Mexico through NAFTA who in turn would export to nations? they have free trade agreements with like Japan. The opportunities provided by free trade tariff protection will continue to help Canada export food products, textiles, clothing and footwear throughout the world."

More papers on Canada's International Trade:

• Research Paper # 100667 : "Canadian International Trade"
• Analytical Essay # 131226 : "International Trade Agreements and Canada"
• Analytical Essay # 136684 : "International Trade and Canadian Society"
• Term Paper # 101153 : "Canada's International Trade"

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