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Essay / Trade agreements between Canada and Belgium - 1807
Trade agreements between Canada and BelgiumEconomic and commercial relationsBelgium is Canada's 12th export destination with $873 million and is also the 19th country in terms of imports with 776 million dollars. Canadian exports to Belgium totaled $2.3 billion. The main entry point for merchandise trade between Canada and Europe is the port of Antwerp. In 2013, Canada and the European Union (EU) concluded a trade agreement. Prime Minister Stephen Harper announced that the trade agreement would boost trade and investment between the two countries, while creating job opportunities for many Canadians. This agreement covers most aspects of economic relations between Canada and the EU, including trade in goods and services as well as investments. Prime Minister Stephen Harper said: “This trade agreement is a historic victory for Canada. This represents thousands of new jobs for Canadians and half a billion new customers for Canadian businesses. » This agreement gives Canada access to 500 million different consumers in the EU. Canadian workers benefit from increased access to the EU market, which currently brings in $17 trillion annually. The 98% deduction of customs tariffs in the EU will increase the profits of Canadian companies across Europe. One example is the elimination of tariffs on agriculture and fishing, meaning seafood like lobster, maple syrup producers in Quebec and fruit growth in Ontario and Columbia British will see their profits increase. Trade negotiations with the EU were Canada's most collaborative trade deal ever. Partnership or joint venture between a Belgian company and a Canadian company Beverage partnerships around the world...... middle of document ......es- historic-European-trade-agreement>."Countries and regions- Canada-Commerce." European Commission. Np, and Web. March 27, 2014. “Statistical Country Profiles: Key OECD Tables.” Statistical profile of the country: Belgium. Np, and Web. March 24, 2014. “Godiva Chocolate.” Chocolate around the world. Np, and Web. March 28, 2014. “Government of Canada.” Canada. Np, and Web. March 17, 2014. “WORLD TRADE ORGANIZATION.” WTO. Np, and Web. March 24. 2014. .