Italy Report: Discussing Canada's trading relationship with Italy

Canada has a big problem, which must be considered very seriously. Their largest outside(a) merchandise partner, the get together States of America currently receives 80.3% of Canadas total exports age 73% of Canadas total imports come from the USA. charm this may stop favourable since the two countries are neighbours, it is unwise for Canada to rely so heavily on one trading partner. This leaves much elan for other countries to start trading on a big scale with Canada. One international trading partner that Canada should commission on is Italy. Italy has the worlds six-largest GDP ($1,200 trillion Euros) and has several key industries including automobiles, furniture, vestments and textiles, slash goods and footwear (Marchese). By Canada increasing its trading kind with Italy, they could diversify where they export and import and help improve their sense of correspondence of trades.         Italy is located in southern Europe and is surrounded by t he Mediterranean, Tyrrhenian, Ionian and Adriatic Seas. Like Canada, they are a democratic majority rule with a mixed-market stinting system. The population is 57.6 million. Italy has few intrinsic resources, which run a profits Canada, which is a large exporter of natural resources and new(a) materials. This is shown since 17 of the top 25 exports that Canada trades with Italy are natural resources.

These exports pee Canada $874,547,000 of the $1,486,820,000 it receives in exchange for exports to Italy (CAD). While this is a significant amount, it is however one-third of the amount that the United States make s off of exporting natural resources with It! aly ($2,448,091,000 CAD). If Canada increases its trading with Italy, Canadas overall economic well being go forth improve since its Gross municipal Product will nominate risen due to a surplus in the remnant of trades. Italy will also benefit from exporting from Canada rather than the US because the Euro is worth... If you want to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper