In 2013, the European Union signed a trading pact with Canada in order both sides to increase their foreign market export and boost their economy sectors. This paper will examine the purpose of CETA and its impact on Canadian industry. The focus will be on food, drug, forestry, marine, and mining industries including water supplies in Canada.
CETA, as a trading pact between European Union and Canada is expected to open the markets between North America and Europe. This opening is expected to lower the costs and improve the import of European products in Canada (Chong, 2013). Such lowering of the costs will benefit the citizens who will pay less for products, therefore also fewer taxes (Johnson, 2013, p. 560). Moreover the trade would cause economic growth and creation of more jobs for the Canadian citizens (Chong, 2013). Nearly 80, 000 new work places will be created, thus bringing additional 12 billion dollars to the federal economy (Chong, 2013).
CETA as a trade pact benefits certain Canadian industry’s sectors. One of them is the Food industry which yearly will gain over 1, 5 billion dollars from export to Europe (Ryan, 2014, p. 24-26). European Union will allow Canadian beef to enter the Union without any tariffs (Kimantas, 2014, p.11). It is expected more than 35, 000 tonnes to be exported, thus increasing the initial amount of beef that is originally produced in Canada (Kimantas, 2014, p.11). In addition, the Canada’s Hilton quota, that means a limited amount of beef, can be increased; therefore the amount of beef that have chemicals or contains GMO imported in European Union also will be increased, although many European environmentalists are against such change (Kerr, 2011, p.667). Pork producers will also ...
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... pork, certain provinces can hurt the quality of water or to run out entirely of water, in order to take care for the huge amount of animals that will be produced in meat (Kimantas, 2014, p.11). It is estimated that for an example “one ton of beef requires 15,000,000 liters of water” (Kimantas, 2014, p.11). Finally, the marine ports also will suffer in order to meet CETA’s requirements of export. The change in the infrastructure of the ports to be able to facilitate the increased containerization will cost 5.8 billion dollars per year for the Canadian taxpayers. (Ryan, 2014, p.24-26).
In conclusion, although CETA will bring many advantages for the Canadian industry, it will also harm major sectors resulting in decreased sales, increased taxes and lack of investment for Canada’s economy in exchange for technology and open market to millions of customers in Europe.
The article goes over the affects this deal has on some local Canadian industries. For example, the author explained that this deal will possibly increase the amount of imported foreign car parts and maybe even dairy products, which could mean a better selection as well as lower prices for consumers but also hurt some workers who operate locally in these businesses. Currently the absence of foreign products in the Canadian dairy market means that there is less selection for a higher price, but this also means that local farming communities can have stable incomes and can be
This constant income has proven to support our economy by more than just improving life quality. Canada’s three main exports also allow Canada to keep a more balanced budget. With an extensive amount of money being put into importing goods from other countries, exporting gives Canada a fighting chance against the terrible trag...
Canada and the United States are the largest trade partners in the world. It is the result of the geographical position of two countries and the free trade between two countries. 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...
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.
The North American Free Trade Agreement (NAFTA), is an agreement signed by Canada, Mexico, and United States which advocates free trade. If successful, the agreement promised to make the whole North American continent an economic zone. This was the agreement if the world’s largest free trade relationship. It was then passed in 1944 and brought many benefits to three countries, epically Canada. When NAFTA initiated it set out for free trade to North America but Canada Benefitted greatly. Frist being NAFTA made cheaper prices and variety of products for products for consumers. NAFTA also has had an effect on employment and wages. Finally, NAFTA has helped to benefit in Canadas economy. Canada has benefitted greatly with the initiation of NAFTA.
NAFTA has also increased the traffic movement between borders. The pollution from caused from traffic, contributes to the rising temperatures of global warming. In addition, Canadians are getting disrupted such as by traffic jam. In terms of losing Canada’s own culture, Canada has imported a lot of products and a lot of companies moved to Canada. The Canada has been facing to big countries which are US and Mexico for a long time. Now Canada is losing own culture such as low and policy in a company which from another country among U.S or Mexico. Moreover, for years and years now, Canada has been trading other countries with their advantage of many natural resources. Now that NAFTA came into effects, USA also has the advantages with Canada's natural resources. This will cause more clear-cutting and natural areas to be destroyed. (Kimberly,
The characteristics stated above of Cap and Trade makes it one of the most efficient environmental policies to combat climate change so far. The following substantiates will clear deliver the policy’s cornerstones.
Long-distance transportation of food uses an abundance of fuel, which increases the carbon footprint created by the growing, shipping, and eating of food. ”Long-distance food shipments promote profligate fuel use and the exploitation of cheap labor (which compensates for the profligate fuel use), shifting back to a more locally sourced food economy is often touted as a fairly straightforward way to cut externalities, restore some measure of equity between producers and consumers, and put the food economy on a more sustainable footing.” (source E). The long-distance transportation of food uses a profligate amount of fuel and exploit cheap labor in the process. It can greatly assist the environment to buy from local sources by making the carbon footprint of food production lesser and saving natural resources such as oil. Buying from local farms also creates lower prices and a greater amount of the money spent goes back to the community and the
Given the sizes of the European and American economies and the amount of trade between them, it is inevitable that disputes will arise. I will focus on the continuing clash over the European ban on hormone-treated beef and the recent dispute over American steel safeguard measures. These two trade disputes represent different types and different issues within the trade relationship, although both expose weaknesses in the WTO system.
A groundbreaking study shows that Canada's economy can still grow by almost 20 per cent over the next decade while the country dramatically reduces its greenhouse gas pollution by about half. The study shows that Canada could take decisive action and still continue to enjoy strong net job growth and other economic benefits. By 2020 Canadians would save more than $5.5 billion each year at the gas pump because of more efficient vehicles, more public transit and shorter commutes.
Approximately 90 percent of my food I ate in a week was produced in Canada, this is important for many reasons. My food being produced in Canada tells a lot about me as a consumer. It generally describes my lifestyle, not to mention it can probably tell you about my health choices as an individual. My diet consisting of 90 percent Canadian made food shows that I tend to eat more processed goods and not as much fruit and vegetables. My environment is affecting my eating choices; at the same time my eating choices affect the environment. This is important because my food mostly being produced in Canada means I am supporting the factories, and contributing to the pollution and environmental damage that’s being done, but at the same time I am helping Canada by not having such a big ecological foot print. If I were eating food from half way across the world aspects like how it got here would be considered. That would lead to the food potentially ...
Mckinney, Joseph. "US-Canadian Economic Relations, Twenty Years after the USA-Canada Free Trade Agreement." British Journal of Canadian Studies 23 (2010): 233-246.
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.
Individuals waste some $14.6 billion worth of food every year, about 47 percent of the total. This mainly consists of food items that Canadians buy with the intention of using in their homes, but never do, so it ends up eventually in a landfill or composted. This is a very sensitive environmental issue as these composting facilities create massive amount of Methane gas that are released into the environment, damaging the ozone and attributing to the man-made manipulation of the global warming/cooling process. Food manufacturing and processing is responsible for as much as one-fifth of the food wasted across the country. Ten per cent of food waste happens on the farm, before even entering the larger food system. Retailers waste another 10 per cent. Restaurants and hotels waste a further nine per cent. The rest is wasted at processing facilities such as food terminals, or during transportation. The report notes that food waste in the travel sector is especially egregious — up to five kilograms per person, per day, according to some estimates. Even using more conservative estimates, these watchdog groups say that we could feed 200,000 inhabitants of poorer countries for a year with nothing more than the food that gets wasted on European airlines every year. On international flights, regulations require any excess food be thrown out after a flight — regardless of whether it was used, cruise liners seem to be the worst culprit, generating the highest per capita food waste. Waste like that costs everyone, not just the person who
In times of economic expansion, household income tends to increase and therefore, consumers are willing to pay a higher price for red meat. Beef demand in Canada has an income elasticity of approximately 0.54%, meaning that a 1% increase in consumer income would translate into 0.54% increase in consumption. On the other hand, during recessionary periods household income will decline, and for every 1% decrease in consumer income beef demand will decrease 0.54% (Cranfield 2012). During these periods, consumers may shift their consumption to cheaper protein options or they may reduce meat consumption all