The economy of the country is very developed. It has 10th largest GDP in the world. The imports, as well as exports of the country, are highly stable and in direct proportion with one another. The natural resources of Canada are innumerable and the petroleum reserves of the country are the 4th largest in the world. The service sector of the country is highly stable and employs most of the Canadians. Canada is regarded as a country which is very easy to conduct business in. The economy is stable and the business-friendly status of the country has allowed the investors from all over the world to invest money here. Apart from all this the country also hosts high ranking trade events which are both national and international. The businessmen here get the exposure to make sure that the best product and quality is delivered. The government is also concerned about the wellness of trade and business which is a positive point.
Canada’s Farm Progress Show
Canada is one of the largest exporters of agriculture machinery. The farm progress show in Canada makes sure that such machinery is shown to the world. It is also one of the largest events which take place in Canada. It is the annual show which takes place in Regina Saskatchewan. The farming experts from all over the world attend this event to ensure that discussions are done for knowledge sharing. The overall event reach is high which allows the local farmers also get tips to yield more crops per acre. About 800+ exhibitors from all over the world manage the event. The average number of attendees is 40,000+ and increasing.
Global Petroleum Show
As Canada has one of the largest petroleum reserves in the world so the GPS is a trade show that allows the Canadian petroleum sector to showcase their talent. It is one of the largest events in the world with over 20,000+ companies and millions of participants from all over the world. Both public and private sectors from all over Canada participate to make sure that the contracts are signed with the local Canadian companies. This annual event is held in Calgary Alberta and is fully sponsored by the Canadian government. The networking, source and the consumer markets are the main targets of the show. The latest techniques are also discussed among the participants to maximize profits.
Canadian Western Agribition
Dairy and related food products are also exported by Canada to make sure that the GDP of the country increases. The best part of this subjected show is the fact that it is the largest cattle show in Canada. It allows the sponsors to get the best dairy product guides and the technologies which are used to get the results. The CWS is directly managed by the government of Saskatchewan. The dairy lifestyle and agriculture are also made a part of this event. The total number of companies participating in the event is 400+ and the participants are 150,000+. To get exposure in the dairy and cattle industry this event is highly advised.
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 ValleyGames guide or others, where you can find a list of best Canadian online casino.
Chrystia Freeland, Canada’s Foreign Affairs Minister argued on the first session of the NAFTA talks that Canada purchased $8.1 billion more than it exported to the USA in 2016. A lot of business interests are linked between the countries and many influential politicians and entrepreneurs can get irked if the USA decides to abolish free trade.
Canada on its part is making sure that it is prepared and fully capable of presenting themselves powerfully in the talks. Ted Alden, a senior fellow at U.S. Council on Foreign Relations said that Canada has developed a comprehensive strategy forming alliances with federal and provincial politicians who are dependent on free trade for their state. The country also has been able to connect with their American counterparts who thrive on the NAFTA. All of them are influential people and can influence the US government’s decisions on the Agreement.
Canada can be benefitted from this backlash from politicians and legislators which will discourage Trump from acting negatively. It will also give confidence to Canada to stand on its arguments and maybe decline from finalizing a bad deal. According to the Alden the negotiation will not be as one-sided as US government expects it to be.
Mexico is also a strong contender as it counts for US’s major agricultural exports. Many legislators and members of the Congress will be displeased if the charges on trading are increased or impacted negatively. Both Canada and Mexico have the potential to put in considerable weight in the discussions and influence towards the development of a fair NAFTA serving the interests of all stakeholders.