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United States

The United States and Canada have the largest trade relationship in the world. The United States counts for 77% of Canada's exports and 65% of Canada's imports. The trade relationship between the two countries crosses all industries and is vital to both nation's success, as each country is the largest trade partner of the other.

Canada's Trade Partners

Japan

Japan is Canada's largest bilateral foreign direct investment partner in Asia. Japan accounts for 7% of Canada's exports, and 5% of Canada's imports. Canadian investment is significant and diverse. Japan is Canada's fourth-largest merchandise export market and second-largest trading partner in Asia.

Japan

United Kingdom

United States

United Kingdom

Canada and the United Kingdom, as members of the North American Free Trade Agreement, are working together on negotiations towards a Comprehensive Economic and Trade Agreement between Canada and the European Union. If approved, the agreement would come into effect in 2016.

In the 1960's, Canada and the United States entered into numerous trade agreements. During this time period, Canada's car manufacturing industry was struggling due to high costs. An Auto Pact agreement was signed, and guaranteed freer trade between the two countries in auto parts and vehicles. This agreement rose Canadian's car manufacturing productions and the auto industry became a leader in the Canadian economy.

In the 1970's / 1980's, Japan was a world leader in automobiles, specializing in auto parts in Thailand, Malaysia, Indonesia and the Philippines. Toyota partnered with Canadian parts suppliers. The Canadian dollar was at a lower rate than the American dollar. Canada's health care system lowered company costs, making Canada the ideal trade partner. Trade agreements stated that Canadian-assembled Japanese vehicles could be easily exported to the United States and Mexico. Toyota invested over $3 billion in the Canadian operation and employed over 7000 workers.

The United Kingdom has been Canada's second-largest goods export market. The United Kingdom is an important source of Foreign Direct Investment in Canada. Canadian companies invest heavily in the United Kingdom.

1815

1947

2013

1881

Mexico and America

Pacific Rim Connection

North American Free Trade Agreement

In 1994, Canada signed the North American Free Trade Agreement (NAFTA), and eliminated all trade barriers among the United States, Mexico, and Canada by 2008. NAFTA was initiated by the United States. Canadian branch plants can take advantage of lower Mexican labor costs to manufacture goods for shipment to the southern United States. Trade between Mexico and Canada significantly increased after the NAFTA agreement.

Japan entered the North American market in the 1950's with inexpensive toys/novelties/electronic equipment. Japan has led other Pacific countries into international

trade and is a major trading partner

with Canada.

The North American Free Trade Agreement created the largest free trade region in the world. It is highly beneficial as it generates economic growth and helps to raise the standard of living for the people of all member countries. NAFTA is a solid foundation for Canada's prosperity and sets a valuable example of the benefits of trade liberalization for the rest of the world.

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