Japan replaces China as Canada’s 3rd biggest export partner
ShareInternational merchandise trade: Annual review STATCAN – Canada’s reliance on the United States as a trading partner fell even further in 2008, in the wake of declines in the American automobile and housing markets during the economic downturn. In 2008, the United States accounted for less than two-thirds (65.7%) of Canada’s total merchandise trade on a customs basis, that is exports and imports combined, down from 67.2% in... [Read More...]
Stats show Canada ranks low as China’s trade partner
Share The Fraser Institute issued a study Canada’s Economic Relations With China yesterday, pointing to the poor performance of Canada in competing in the China market. Since the Fraser Institute is almost like the mirror of policy directions of the Conservatives, does this report mean the Tories are facing increasing pressure to push for better trades with China? Here are some highlights from the report: US accounted for more than two-thirds... [Read More...]
Right-wing thinktank says trade with China, India ‘highest priority’
ShareCanada West Foundation has always been a very pro-Conservative organization. It’s interesting to what they urge right now will have any influence on the Tory policies — if the party could hang on to power in the next little while. Bilateral trade and investment agreements with China, Indonesia, and India should have the highest priority Canada West Foundation release – As Canadians seek ways to shield themselves from the effects... [Read More...]
BC – Asia trade stats
ShareBC Stats release – With the rapid economic growth of countries such as China and India, Asia has become a focal point for exporters looking to expand their marketplace. For British Columbia, Asia has long been an important destination for the province’s commodity exports, with the share of BC’s total goods exports rising above 25% in the 1970s and remaining there since. In 1989, the share of BC’s exports shipped to Asia... [Read More...]
India to overtake US, Japan by 2050
ShareIt’d be interesting to see if the West would react with an “India Threat” theory. ————– Economic Times – Emerging economies, including India, will overtake the developed countries in economic growth by 2050. With the popularity of India and China as investment destination is rising while the attractiveness Europe and North America is slipping, says a study. “The seven new global powers by... [Read More...]
Million dollar home sales soars 160% in Calgary, 57% in Vanvouer
ShareRoyal LePage releases latest study on luxurious home sales in the country. In larger cities such as Toronto, Vancouver, Calgary, Victoria and Montreal, the definition of “luxury homes” are priced at or over $1m. Number of Canadians Embracing Life in the ‘Lap of Luxury’ Rises TORONTO, November 24, 2006 – Canadians are embracing luxury living more than ever before – and if they are not currently living in a luxury... [Read More...]
Canada hopes to set up Asia Pacific free trade zone
ShareCanada mulls hitching on to Pacific-wide trade bloc if global talks are dead HANOI, Vietnam (CP) – With global trade talks going nowhere, Canada is keen to explore the idea of grouping 21 countries around the Pacific Ocean into a huge free-trade zone that could extend from the United States to China, Australia to Chile. Trade Minister David Emerson said Tuesday Canada is interested in a Pacific-wide trading zone – a concept being... [Read More...]
China to become US’s No.2 trade partner
ShareChina to become No.2 trade power in 2007(Bloomberg.com)Updated: 2006-11-09 20:55 China will probably overtake Germany to become the world’s second-biggest trader next year after the U.S. as the Asian nation’s economy expands and its trade surplus balloons, the World Trade Organization said. U.S. imports exceeded exports by $783 billion last year, equal to 8 percent of world trade, the WTO calculated in a report published today, making... [Read More...]
Carole James visits Taiwan to promote trade, tourism
ShareBC NDP leader Carole James and three MLAs will visit Taiwan next week as a business/trade mission. They were once scheduled to meet with Taiwan’s vice president Annette Lu (呂秀蓮), however Lu is too preoccupied with the turmoil of her party and the meeting with James et al has to be cancelled. James said yesterday the trip wants to explore enhancing bilateral trades with Taiwan and cooperation on cultural exchange as well as tourism... [Read More...]
SUCCESS wins big in new funding
ShareInternational trade minister David Emerson announced funding of $1.52m for promoting trade with Asia. Vancouver’s service agency SUCCESS has won a total of $1.29m, the biggest one-time funding payment to a single service organization on Asia trade promotion, SUCCESS’s chair Ken Tung said. SUCCESS pioneered the “Gateway to Asia” program in 1992, which helps businesses to gain access to the networking crucial to doing business... [Read More...]
