Canada has Significant Potential to Influence NAFTA Negotiations, says Trade Experts

Talks on the North American Free Trade Agreement have started on 16th August between the US, Canada, and Mexico. The outcome of the discussions means a lot for markets like Canada who depend on the US for thriving. But that view is mostly propagated by the US and the scene of Canada trading is a bit different, points out experts.

The round 1 of the talks saw the US pressing for major changes in the NAFTA and presented some demands which were expected by the trading industry. The US seems to be in a hurry to get over with the agreement before the elections in Mexico forgetting that the other two participants have quite a leverage to sway decisions in their favor.

In view of America, it is a self-reliant large scale market which does not need to conduct free trade with neighboring countries to survive. So it may seem that Canada is relying on America for a favorable outcome of the NAFTA talks. But the situation is a bit different in reality.

Canada is the largest importer for 2/3 of American states being the country’s one of the largest export market. Besides trading, which is one of the main economic branches, there is one more high-popular field in Canada. The gambling industry, presented by a wide range of gaming sources can boast of its trusted websites like Valley Games guide or others, where you can find a list of best Canadian online casino. Continue reading “Canada has Significant Potential to Influence NAFTA Negotiations, says Trade Experts”

Top Imports and Exports Worldwide

The import export stats from countries all over the world show that every economy tries its level best to increase exports and reduce imports in every possible manner. Policies are formulated and measures are taken to make sure that long-term plans are implemented. In simple language, import is a service or good purchased by a country from another. Export, on the other hand, is the good or service delivered or sold to another country. Below are some of the top imports and exports as per worldwide trend. This shows how much every country is concentrating on economic growth. Continue reading “Top Imports and Exports Worldwide”