You might want to educate yourself before asking questions such as this....here, did a little research for ya:
Economic Impact
It is difficult to overstate the impact of international trade on the economies of Canada and the United States. In 2000, 43 percent of Canada's gross domestic product was comprised of exports and over 30 percent of total employment in the country was supported by exports. With 86 percent of all Canadian exports last year destined for the US, it is clear that trade with the United States creates an enormous number of jobs for Canadians.
Though the United States is not as export-oriented as is Canada, international trade does contribute significantly to the US economy. Last year, U.S. exports of goods and services comprised roughly 12 percent of the United States' GDP. (Exports to Canada accounted for roughly 20 percent of all US exports.) It has been estimated that nearly two million jobs in the United States are supported by US exports to Canada.
Of Canada's 2000 imports, 74 percent came from the U.S., while 86 percent of Canada's total exports were shipped to the United States. The volume of Canada-U.S. trade last year was far greater than the total amount of Canada's trade with all of its other trading partners combined.
In 1994, the fundamental principles of trade liberalization established by the FTA were further expanded, both in terms of scope and coverage, under the North American Free Trade Agreement, which added Mexico to the regime. These trade agreements have helped fuel unparalleled economic growth, with bilateral trade between Canada and the United States nearly tripling during the past twelve years.
There's more at the link below:
2006-11-20 18:51:55
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answer #1
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answered by Anonymous
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This was discussed thoroughly in 1988. So far it has not been the disaster many predicted. However I do worry about Canada being so reliant on just one country for trade. We're basically putting most of our eggs in one basket, and cannot rely on America always being friendly towards us. The softwood lumber dispute, where they ignored repeated rulings against their tariffs, shows they do not always play fair. We need them more than they need us, and we should be trying to diversify by increasing trade with other Commonwealth or Pacific countries.
2006-11-21 03:22:19
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answer #2
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answered by Dunrobin 6
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Put it this way; consider the fact that you now have a market of 307 million instead of 32 million for your products. So make a better mousetrap and sell to them.
2006-11-21 02:46:14
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answer #3
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answered by ancalagon2003 3
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The US is the world's largest consumer, and they are right next-door! I don't know about you but I like to have a job and make a living; so my vote is YES!
2006-11-21 19:12:14
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answer #4
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answered by fergy_1967 3
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