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Between 1980 and 2008, Canada recorded a positive trade balance every year, with an expectation of 1991 and 1992. From 2009 onwards, the trade balance shifted to a deficit. In 2021, it switched again to a trade surplus, with energy products making the largest share of exports.
comprehensive snapshot of Canada’s economy and international trade in 2023. Trade is an integral part of the Canadian economy. It represents two-thirds of Canada’s GDP and exports alone support nearly 3.3 million – or 1 in 6 – Canadian jobs. Despite a challenging global environment, 2023 showcased the resilience of Canadian trade.
Comparing 2016 and 2019, total Canada-EU services trade has increased by 39.0%; specifically, Canadian services exports to EU increased by 36.6% and EU services exports to Canada increased by 40.6%. Annex B includes more details on annual trade performance in services between Canada and the EU.
- Trade Picture
- The EU and Canada
- Committees and Dialogues
- Trading with Canada
The value of trade in goods between the EU and Canada was €53.3 billion in 2020.In 2020, the EU had a positive trade balance with Canada of €13.3 billion in trade of goods and €3.7 billion in services.The EU is Canada's third largest trading partner after the United States and China, accounting for 8.2% of its trade in goods with the world in 2020.Canada accounted for almost 1.5% of the EU's total external trade in goods in 2020.CETA brings benefits for people and businesses around Europe, including. 1. scrapping most customs duties and cut red tape; 2. making it easier for Europeans to work in Canada, and; 3. many more benefits. The EU and Canada launched CETA negotiations in May 2009. After several years of negotiations, the EU-Canada Comprehensive Economic and Trade Agr...
The EU and Canada meet regularly to discuss issues and best practices and oversee the proper functioning of the Agreement. Technical committee meetings - agendas and reports
Trade relations are part of the EU's overall political and economic relations with CanadaCanada is a member of the World Trade OrganizationCanada's inclusive trade approach recognizes that trade's impacts are not neutral. Motivation: Inclusive trade aims to ensure the benefits of trade reach underrepresented groups. It recognizes that when more groups prosper, everyone in the economy benefits.
The Canada-European Union (EU) Comprehensive Economic and Trade Agreement (CETA or Agreement) is a comprehensive agreement that covers virtually all sectors and aspects of Canada-EU trade.
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Dec 13, 2023 · In 2022, the EU was Canada’s second-largest trading partner after the US, accounting for 8.2% of Canada’s total combined exports and imports of goods. In 2023, the EU exported goods worth EUR 48.88 billion to Canada and absorbed Canadian goods valued at EUR 27.7 billion.
