Why Should Canada Increase International Trade?
A single country may have the ability to produce everything well enough to meet the demands of the population. Certain countries have specialties that they are willing to give another nation for a fair trade. Specifically in Canada despite having harsh winters and short summers, the country is able to provide its population with various tropical fruits. Popular breakfast choices including bananas and oranges would not be available for Canadians if it were not for international trade. International trade has allowed ease in lifestyles by creating competition, enhancing quality of life and attracting investments, which is why Canada should increase international trade.
Trading has two aspects; importing and exporting. When Canadian manufacturers make more products than Canadians can use, other countries, that express demand for the same product, create a trading partner. Trade brings in a variety of products that are used on a daily basis, offering Canadians a wider range of personal choice in purchasing their basic necessities. Both consumers and businesses in Canada receive the benefits of the global competition through lower prices, functional design and improved quality. Increase …show more content…
In 2000, Canada exported $474 billion in goods and services to countries throughout the world. Demand created by foreign businesses to buy Canadian products and services leads to more jobs for Canadians. One out of three jobs depends on exports, making them a critical part of the economy. More than 45% of everything that Canadians produce is exported and every $1 billion increase in Canada’s exports sustains 10 000 Canadian jobs. Balanced trade allows both importers and exporters to grow and remain profitable. In terms of growth, an increase in jobs takes place in the country and the interconnection of employees with the business allow them to purchase goods and services, keeping the cycle of imports and exports
Trading has two aspects; importing and exporting. When Canadian manufacturers make more products than Canadians can use, other countries, that express demand for the same product, create a trading partner. Trade brings in a variety of products that are used on a daily basis, offering Canadians a wider range of personal choice in purchasing their basic necessities. Both consumers and businesses in Canada receive the benefits of the global competition through lower prices, functional design and improved quality. Increase …show more content…
In 2000, Canada exported $474 billion in goods and services to countries throughout the world. Demand created by foreign businesses to buy Canadian products and services leads to more jobs for Canadians. One out of three jobs depends on exports, making them a critical part of the economy. More than 45% of everything that Canadians produce is exported and every $1 billion increase in Canada’s exports sustains 10 000 Canadian jobs. Balanced trade allows both importers and exporters to grow and remain profitable. In terms of growth, an increase in jobs takes place in the country and the interconnection of employees with the business allow them to purchase goods and services, keeping the cycle of imports and exports