Global trade venture to Canada, Vancouver & Winnipeg
March 8, 2020 - March 13, 2020
The U.S. and Canada enjoy the world’s largest and most comprehensive trading relationship. The two countries trade more than $2 billion in goods and services daily. Canada is a highly receptive, open and transparent market for U.S. products and services, with Canadians spending more than 60 percent of their disposable income on U.S.-made goods and services. Canada is the largest export market for U.S.-produced goods ($299 billion in 2018) and for goods produced in Wisconsin ($7 billion in 2018).
In fact, Wisconsin exports to Canada were more than total Wisconsin exports to Mexico, China, Germany and the UK combined in 2018.
Due to its geographic proximity and cultural similarity to the U.S., as well as the already high level of cross-border trade, Canada is a market of strong opportunity for Wisconsin companies across all sectors.
Canada’s economic fundamentals remain solid, and the economy is expected to expand at a healthy pace this year. Canada is the top-ranked country in the G20 for ease of doing business for the five-year period 2016-2020, according to the Economist Intelligence Unit. The North American Free Trade Agreement (NAFTA), along with similar business practices and a common language, further ease trade between the U.S. and Canada.
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