Investing in Export Business of Canada
Canadian society being a multilingual society is liberal in its outlook and due to its flexible immigration policies, became the home for many techno experts. This is the reason this country is prospering in industry and eventually brand Canada has established its reputation globally. Today Canada is enjoying a growing amount of exports with the market in the United States, Asian countries, some parts of Europe and China. Asia-Pacific market has also become a large export zone for Canada. The main elements of Canadian export are chemicals, agro-food, machinery, transport equipment, computer electronics product, and last but not the least mining. Apart form these telecom producers have recognized Canadian leadership in industries like fiber optic and also products in bio- technology.
The country possesses a huge industry base and the manufacturing oriented production sector has improved its standard since 1990s. After 2003, the industrial segment equaled GDP of 28.9%, which includes gas and oil extraction, construction materials and utility products and manufacturing arena.
These elements forming the primary sector works an important role, accounting for one- fourth of export activities, and the GDP of total 5.8%. The resource segment of Canada has become immensely potential in consideration of economy and technological advancement-the existing productivity of the sector is one of the reasons that resource exports play a vital role to the Canadian economy. In the year 2003, Canadian mineral production (in ‘000 tons) was: nickel 153, copper 543 (re.ned 455), lead 78 (re.ned 112), iron ore 33,214; uranium 9,906 and, (in tons) gold 141, silver 1,276, zinc 757(re.ned761). . The agriculture sector has a total GDP of 2.2% in 2003 with farm receipts for animal products total amounting to $16,213M and $13,055M for crop production.
Apart from this Canadian Export Development Corporation (EDC), provides trade finance and risk management services to Canadian exporters and foreign investors. As Canada is the largest trade partner of the United States to accommodate its fast growth rate both of the two have come under a MOU to create anew system known as “smart border”. The Declaration about this system is outlined with a “30-Point Action Plan”, which is provided for the ongoing collaboration in identifying and addressing the security risks, while efficiently manipulating the legitimate flow of people and goods across the Canada and U.S. border. Fast lanes are meant for pre-approved low-risk commercial traffic opening at Windsor-Detroit, Fort Erie-Buffalo and Sarnia-Port Huron. “Automated permit ports”, “transponder identification systems” and “joint processing centers” are some newly introduced system feature being tested and deployed at per requirement.
Today, wait period in border is in an average less than10 minutes and this has made it one of the most prompt, efficient, almost errorless systems in the world.
The brand “Canada” is well recognized and competitive enough around the world. Today, Canada enjoys the growing exports with the other portions of United States, Europe, Asia and the other countries of the world.
With these entire facts and figures one can come to this easy speculation that investment in Canadian Export trade is quite lucrative.