Italy Report: Discussing Canada's trading relationship with Italy

Canada has a big problem, which must be considered very seriously. Their largest outside(a) traffic partner, the get together States of America currently receives 80.3% of Canadas total exports duration 73% of Canadas total imports come from the USA. charm this may anticipate favourable since the two countries are neighbours, it is unwise for Canada to rely so heavily on one trading partner. This leaves much spirt for other countries to start trading on a larger scale with Canada. One international trading partner that Canada should counselling 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, welt goods and footwear (Marchese). By Canada increasing its trading kind with Italy, they could shine where they export and import and help improve their sense of residual of trades.         Italy is located in southern Europe and is surrounded by the Mediterranean, Tyrrhenian, Ionian and Adriatic Seas. Like Canada, they are a democratic nation with a mixed-market stinting system. The population is 57.6 million. Italy has few inhering resources, which mo a profits Canada, which is a large exporter of natural resources and bare-ass materials. This is shown since 17 of the top 25 exports that Canada trades with Italy are natural resources.

These exports dampen 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 exclusively one-third of the amount that the United States ma kes off of exporting natural resources with ! Italy ($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 swallow risen due to a surplus in the residue 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

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