Canada's International Trade

Paper Summary:

This paper examines how Canadian trade policies are a major influence on the nation's recent successful economic performance. It looks at how one key to Canada's economic success was the fact that it combined forces with the United States and Mexico in the North American Free Trade Agreement. The paper then discusses how, although NAFTA has made Canada overly dependent on a few nations, Canada has established other free trade ties around the world and will continue to be an international trading force to be reckoned with.

From the Paper:

"Canada does have weaknesses in their armor. One of Canada's greatest concerns is the continued positive surge of the United States economy. Through NAFTA, Canada has become almost too dependent on the United States. In addition, other weaknesses have manifested themselves as it seems to be extremely difficult for the Canadian government to create a balance between some internal regulatory pressure and that complicates external trade relations. For example, the Canadian government is notoriously protective of their agricultural and dairy industries as well as their automotive export import ratios. Other concerns expressed from Canada's various trading partners include restrictive taxation for the foreign film distribution and production industries and attempts to blatantly dump steel on Chile and the Untied States. "

Sample of Sources Used:

• International Trade Canada. (2004, September 30). International Trade Canada. Retrieved October 1, 2004, from http://www.itcan-cican.gc.ca/menu-en.asp
• International Trade Canada NAFTA. (2004, September 30). Canada and the North American Free Trade Agreement. Retrieved October 1, 2004, from http://www.dfait-maeci.gc.ca/nafta-alena/menu-en.asp
• Statcan. (2004, October 1). Canadian Statistics On-line. Retrieved October 1, 2004, from http://www.statcan.ca/english/Pgdb/intern.htm

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"

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