Trade Agreements between Canada and Belgium

1807 Words4 Pages
bulb-icon

Recommended: bottled water industry is competitive

Trade Agreements between Canada and Belgium

Economic and Trade Relations

Belgium is Canada’s 12th export destination with $873 million and is also the 19th country regarding imports with $776 million. Canadian exports to Belgium amounted to $2.3 billion in. The major entry point in trading goods between Canada and Europe is the Port of Antwerp.

In 2013, Canada and the European Union (EU) reached a trade agreement. Prime Minister Stephen Harper announced that the trade agreement will boost trade and investments between the two countries, as well as creating employment opportunities for many Canadians. This agreement covers most aspects of the Canadian and EU economic relationships, including trades in goods and services and also investments. Prime Minister Stephen Harper stated that, “This trade agreement is a historic win for Canada. It represents thousands of new jobs for Canadians and a half a billion new customers for Canadian businesses”.

This agreement provides Canada with access to 500 million different consumers in the EU. Canadian workers benefit from the increase of access to the EU’s market which currently makes $17 trillion annually. The deduction of 98% of the tariffs in the EU will increase profits for Canadian businesses all over Europe. An example of this is the elimination of tariffs in agriculture and fish, which means that seafood such as lobster, producers of maple syrup in Quebec, and growth of fruits in Ontario and British Columbia will see an improvement in their profits. Making trade negotiations with the EU has been the most collaborative trade agreement Canada has ever made.

Partnership or Joint Venture between a business in Belgium and a Canadian Business

Beverage Partnerships Worldwi...

... middle of paper ...

...es-historic- trade-agreement-european>.

"Countries and Regions-Canada-Trade." European Commission. N.p., n.d. Web. 27 Mar. 2014. .

"Country statistical profiles: Key tables from OECD." Country statistical profile: Belgium. N.p., n.d. Web. 24 Mar. 2014. .

"Godiva Chocolate." World Wide Chocolate . N.p., n.d. Web. 28 Mar. 2014. .

"Government of Canada." Canada. N.p., n.d. Web. 17 Mar. 2014. .

"WORLD TRADE ORGANIZATION." WTO. N.p., n.d. Web. 24 Mar. 2014. .

Show More
Related

  • Quebec and the Meech Lake Accord Negotiations

    805 Words  | 2 Pages

    The Meech Lake accord was a set of constitutional amendments that were designed to persuade Quebec Province to accept the Canadian Constitution Act of 1982 (Brooks 152). This accord derives its name from the Meech Lake, where these negotiations were held by Mulroney Brian, the Canadian Prime Minister, and the ten premiers of the ten Canadian Provinces (Brooks 211). By the time the Canadian constitution was being implemented, Quebec was the only province that had not consented to it. Somehow, the partition of the constitution in 1982 was carried out without Quebec’s agreement, but it was still bound by the same law. Attempts were made to persuade this province to sign the constitution, which it agreed to do but only after its five demands are fulfilled by the Canadian government. Unfortunately, these demands were not met and this accord failed in 1990, when two provincial premiers failed to approve it. This paper answers the question whether Quebec asked for too much during the Meech Lake Accord negotiations.

    Read More

  • How Canada’s Three Major Exports Have Contributed to Canada’s Economy

    1318 Words  | 3 Pages

    Last year, Canada received 443 billion dollars in revenue from exporting goods throughout the world. Almost 54% of that was covered by Canada’s three major exports (Stat Can.) - mineral products, transportation items, and electrical equipment and machinery. While preparing theses resources for export may be difficult, it is worth it. This essay will review the large role exports play in Canadian economy by being a immense source of income, allowing Canada to maintain robust trade routes and relations throughout the world, and providing Canadians with many jobs.

    Read More

  • Stephen Harper Open Federalism

    1466 Words  | 3 Pages

    "Prime Minister Promotes Open Federalism." Prime Minister of Canada. N.p., 21 Apr. 2006. Web. 15 July 2014. .

    Read More

  • Canadian Trade Balance Analysis

    889 Words  | 2 Pages

    Canada’s overall balance of goods and services also rose every year except for 1997, 1998, and 2002. They initially were running an overall deficit in 1992 and 1993 from a larger deficit in services than surplus in goods. The most common trend that is evident is that every trade category dropped in 2001 and/or 2002. There were no real substantial drops and the declines were quickly met with increases in the following years. It is likely that Canada’s economy felt at least some of the effects of the terrorist attacks on September 11, 2001 because they are such a large trading partner of the United States.

    Read More

  • The Canada-U.S. Trade and Economic Relationship

    1583 Words  | 4 Pages

    The United States is Canada's largest trading partner and is the largest market for Canadian goods. The Canada-U.S. Free Trade Agreement (1989) and the North American Free Trade Agreement (1994) have both been crucial to increasing market opportunities for Canadian exporters in the U.S.

    Read More

  • Pros And Cons Of NAFTA

    1531 Words  | 4 Pages

    The North American Free Trade Agreement—NAFTA—was an important agreement signed between three countries—the U.S., Mexico and Canada. NAFTA played an important role between each of these countries’ relations with one another through imports and exports. Throughout the presidential elections throughout the years, NAFTA has been highly debated on whether or not it has helped benefit the economy of these countries or if it has caused a lot detrimental issues. NAFTA promised many benefits for these countries, but not all of their promises were carried through; many views across the political spectrum also have their indifferences about NAFTA.

    Read More

  • Canada 's Global Financial Crisis

    1104 Words  | 3 Pages

    ...munity. Although Canada is dependent on trade with the United States, NAFTA proves that the relationship goes both ways. Canada proved its worth in the global financial crisis, showing that it can practice good policy despite the dependence.

    Read More

  • Essay On Canada Globalization

    1423 Words  | 3 Pages

    Afterward Canada gradually began the trade with countries all around the world. The global trade started to enrich the Canadian immigrants culturally and benefited many people economically as well. This aided businesses in Canada significantly. Now the Canadians had access to many products, such as fruits, vegetables, clothing items and more, which were never before produced or accessed in the Canadian market, which now, made it convenient for the

    Read More

  • The Similarities Between Belgium And The USA

    337 Words  | 1 Pages

    Brussels is the national capital of Belgium, Brussels is located in the middle of Belgium. The city was established in the 13th century and is a federal parliamentary democracy under a constitutional monarchy which means that each province has the ability to make their own laws or rules for their province. The people of Belgium have ultimate power, and the king has to follow the same rules the people do. These are the similarities and differences between Belgium's government and the U.S.A.’s.

    Read More

  • Treaty-Making in Canada

    1447 Words  | 3 Pages

    Introduction “We are all treaty people” Campaign. The year 1907 marked the beginning of treaty making in Canada. The British Crown claims to negotiate treaties in pursuance of peaceful relations between Aboriginal peoples and non-Aboriginals (Canada, p. 3, 2011). Treaties started as agreements for peace and military purposes but later transformed into land entitlements (Egan, 2012, p. 400).

    Read More

  • Canada Is Becoming Too Americanized

    933 Words  | 2 Pages

    It should be a great thing for the economies of both countries, but since the North American Free Trade Agreement was signed, American businesses almost took over the Canadian economy. When the American companies started to make more business in Canada, it brought more jobs and money to the country in the short-term. But as a long-term effect Canadians became even more depended on the U.S. as the American companies started dominating Canadian companies in Canada. Also, today Canadian manufacturers have little protection from the government when ch... ... middle of paper ... ...

    Read More

  • Essay On The Relationship Between Canada And The United States

    764 Words  | 2 Pages

    Canada and the United States of America have a very healthy relationship today and throughout history. These two countries are in a “happy marriage” meaning they both work together and have prominent economic ties. For many reasons, their relations are healthy, but there are 3 reasons that stand out. Canada and the USA have a healthy connection because they have been close trading partners, they have similar values, and they have alliances and treaties. As a result of the events which occurred between these two countries, Canada and the USA formed and still have a great relationship.

    Read More

  • Regional Analysis: North American Free Trade Agreement

    1492 Words  | 3 Pages

    NAFTA is trade agreement implemented January 1, 1994 between the U.S., Canada and Mexico which removes restrictions on trade between the three countries to encourage free competition, improve investment opportunities and increase market access "for small and medium-sized enterprises (SMEs)" (Tomasetti, H., 2004). Some of the advantages NAFTA has afforded its members are the eradication of tariffs, product price reductions and increased profit margins. NAFTA has eliminated tariffs on all goods traded betw...

    Read More

  • Regional Trade Agreement

    2292 Words  | 5 Pages

    ...e USA and Canada is high and was not considered when the Agreement was made. This is the reason, many American citizens feel that there numerous illegal settlers in their country, trade deficits instead of over pluses and loss of lakhs of jobs, as before. The relations within this bloc are complex and tight; Canada and Mexico are controlled by the USA, declining their trade freedom. All this does not set up a solid base for businesses and trade.

    Read More

  • Why Canada is a Great Place to Live

    388 Words  | 1 Pages

    In a developing country like Canada, new products are continually being produced for use within Canada and to be exported to. other countries for profit. Canada’s healthcare is superior; we are able to eliminate diseases. like the measles. Canada keeps up with the latest technology in medical equipment and medicines to treat Canadians.

    Read More

More about Trade Agreements between Canada and Belgium

Open Document