In 2013, the European Union signed a trading pact with Canada in order both sides to increase their foreign market export and boost their economy sectors. This paper will examine the purpose of CETA and its impact on Canadian industry. The focus will be on food, drug, forestry, marine, and mining industries including water supplies in Canada.
CETA, as a trading pact between European Union and Canada is expected to open the markets between North America and Europe. This opening is expected to lower the costs and improve the import of European products in Canada (Chong, 2013). Such lowering of the costs will benefit the citizens who will pay less for products, therefore also fewer taxes (Johnson, 2013, p. 560). Moreover the trade would cause economic growth and creation of more jobs for the Canadian citizens (Chong, 2013). Nearly 80, 000 new work places will be created, thus bringing additional 12 billion dollars to the federal economy (Chong, 2013).
CETA as a trade pact benefits certain Canadian industry’s sectors. One of them is the Food industry which yearly will gain over 1, 5 billion dollars from export to Europe (Ryan, 2014, p. 24-26). European Union will allow Canadian beef to enter the Union without any tariffs (Kimantas, 2014, p.11). It is expected more than 35, 000 tonnes to be exported, thus increasing the initial amount of beef that is originally produced in Canada (Kimantas, 2014, p.11). In addition, the Canada’s Hilton quota, that means a limited amount of beef, can be increased; therefore the amount of beef that have chemicals or contains GMO imported in European Union also will be increased, although many European environmentalists are against such change (Kerr, 2011, p.667). Pork producers will also ...
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... pork, certain provinces can hurt the quality of water or to run out entirely of water, in order to take care for the huge amount of animals that will be produced in meat (Kimantas, 2014, p.11). It is estimated that for an example “one ton of beef requires 15,000,000 liters of water” (Kimantas, 2014, p.11). Finally, the marine ports also will suffer in order to meet CETA’s requirements of export. The change in the infrastructure of the ports to be able to facilitate the increased containerization will cost 5.8 billion dollars per year for the Canadian taxpayers. (Ryan, 2014, p.24-26).
In conclusion, although CETA will bring many advantages for the Canadian industry, it will also harm major sectors resulting in decreased sales, increased taxes and lack of investment for Canada’s economy in exchange for technology and open market to millions of customers in Europe.
It should be a great thing for the economies of both countries, but since the North American Free Trade Agreement was signed, American businesses almost took over the Canadian economy. When the American companies started to make more business in Canada, it brought more jobs and money to the country in the short-term. But as a long-term effect Canadians became even more depended on the U.S. as the American companies started dominating Canadian companies in Canada. Also, today Canadian manufacturers have little protection from the government when ch... ... middle of paper ... ...
One of the reasons Canada is very interested in this agreement is because Canada is the world’s third largest pork exporter. Also involved in the deal is Japan, which is currently the world’s largest pork importer. The cost of producing pork in Japan is more than double the cost it is to produce pork in Canada. Therefore, Japan prefers to imports pork and focuses their production efforts in a different industry, because the opportunity costs are way too high. However, Japan currently is imposing a very high tariff on pork imports and has reached a deal with the Australian government, who only have to pay half the tariff rate. Canada is involved in the deal because they want the Japan to lower the tariffs on Canadian pork, so that they (the Canadians) can be competitive in Japan.
Many scholars have a notion that children and teens are highly susceptible to being influenced by the media due to their lack of real world experiences (Scharrer, 1957). With such a high population of young people in Canada we must be aware of the content broadcasted through mass media to encourage a more “Canadian” youth. Canadian television, films, and radio alike are often compared to that of American media, which contains highly identifiably American substance. Thus, Canadian identity and culture is greatly influenced by content derived from the USA. Otherwise, Canada has rich and diverse culture with its own economic systems, political ideologies and processes, ways of life and social mores (StatsCan, 2013). Therefore, it is up to Canadian regulations to motivate its citizens towards embracing a more Canadian identity and deter from Americanization. This paper will explore ways in which the Canadian music industry will help define and influence national identity as well as the political and societal benefits that will accompany implemented regulations. . Regulations of Canadian content defined using the MAPL system should be implemented by the CRTC to support Canadian ingenuity, values, and politics in order to form a more homogenous Canadian identity through music.
This constant income has proven to support our economy by more than just improving life quality. Canada’s three main exports also allow Canada to keep a more balanced budget. With an extensive amount of money being put into importing goods from other countries, exporting gives Canada a fighting chance against the terrible trag...
The Canada-U.S. trade relationship is not static. Political and business strategies and practices change on both sides of the border, and events occur such as "mad cow disease" that are beyond almost everyone's control.
NAFTA has also increased the traffic movement between borders. The pollution from caused from traffic, contributes to the rising temperatures of global warming. In addition, Canadians are getting disrupted such as by traffic jam. In terms of losing Canada’s own culture, Canada has imported a lot of products and a lot of companies moved to Canada. The Canada has been facing to big countries which are US and Mexico for a long time. Now Canada is losing own culture such as low and policy in a company which from another country among U.S or Mexico. Moreover, for years and years now, Canada has been trading other countries with their advantage of many natural resources. Now that NAFTA came into effects, USA also has the advantages with Canada's natural resources. This will cause more clear-cutting and natural areas to be destroyed. (Kimberly,
The first approach of “Free Trade” came on September the 26th 1985 when Bill Mulroney, the Canadian Prime Minister and leader of the Canadian Progressive (socialist) Conservative Party met with American President Ronald Reagan to discuss the possibility of creating a free trade compact with the U.S.A. On October the 4th 1987 the essential negotiations came to a conclusion creating the first draft of a North American Free Trade Agreement. On January the 2nd 1989 America and Canada sign the first draft of a “Free Trade Agreement” creating the possibility of merging all of North America’s economies to compete in the global market. With the probability of Mexico entering the agreement and the idea of cheap labor for both Canadian and A...
The composition and structure of Canada’s trade is an ever changing entity. We are one of the chief lumber exporters in the world. We posses vast oil fields in Alberta, where there are about three-hundred billion barrels of oil as opposed to only two-hundred and sixty in Saudi Arabia. Grains are ex...
As sea ice begins to melt, opportunity in sea transportation strikes as an interesting topic for the Canadian economy. Wintertime shipping has proven to be difficult in the Canadian arctic, due to heavier and thicker ice (Fergal & Prowse, 2007). Summertime has always been a preferable season for sea transportation partially due to the softened ice, and the amount of daylight produced, compared to wintertime darkness (Ferg...
Globalization has become one of the most influential forces in the twentieth century. International integration of world views, products, trade and ideas has caused a variety of states to blur the lines of their borders and be open to an international perspective. The merger of the Europeans Union, the ASEAN group in the Pacific and NAFTA in North America is reflective of the notion of globalized trade. The North American Free Trade Agreement was the largest free trade zone in the world at its conception and set an example for the future of liberalized trade. The North American Free Trade Agreement is coming into it's twentieth anniversary on January 1st, 2014. 1 NAFTA not only sought to enhance the trade of goods and services across the borders of Canada, US and Mexico but it fostered shared interest in investment, transportation, communication, border relations, as well as environmental and labour issues. The North American Free Trade Agreement was groundbreaking because it included Mexico in the arrangement.2 Mexico was a much poorer, culturally different and protective country in comparison to the likes of Canada and the United States. Many members of the U.S Congress were against the agreement because they did not want to enter into an agreement with a country that had an authoritarian regime, human rights violations and a flawed electoral system.3 Both Canadians and Americans alike, feared that Mexico's lower wages and lax human rights laws would generate massive job losses in their respected economies. Issues of sovereignty came into play throughout discussions of the North American Free Trade Agreement in Canada. Many found issue with the fact that bureaucrats and politicians from alien countries would be making deci...
For Canada, tariffs and other barriers faced by a wide range of Canadian product from various sectors will be cut; these sectors include agriculture and agri-food (Vietnam currently impose substantial tariffs on agriculture and agri-food products), fish and seafood, forestry and value-added wood products, metals and mining, and manufactured industrial goods. Those are the main export commodities of Canada into
The end of World War II came not only with the return of the soldiers and loved ones, but a general optimism towards Canada's revival. It came with a sense of better times and prosperity that would help re-establish a nation that was superior to the one before it. It was this optimism that fuelled a period of economic growth for the Canadian economy that came through the creation of suburbs, a higher GDP and the introduction of the baby boomers. Needless to say, it was this period that would help to set the foundation of the vast Canadian economy that sprouts today.
...e USA and Canada is high and was not considered when the Agreement was made. This is the reason, many American citizens feel that there numerous illegal settlers in their country, trade deficits instead of over pluses and loss of lakhs of jobs, as before. The relations within this bloc are complex and tight; Canada and Mexico are controlled by the USA, declining their trade freedom. All this does not set up a solid base for businesses and trade.
Canada ‘s NAFTA advantage gives investors access to more than 443 million consumers and a combined
In times of economic expansion, household income tends to increase and therefore, consumers are willing to pay a higher price for red meat. Beef demand in Canada has an income elasticity of approximately 0.54%, meaning that a 1% increase in consumer income would translate into 0.54% increase in consumption. On the other hand, during recessionary periods household income will decline, and for every 1% decrease in consumer income beef demand will decrease 0.54% (Cranfield 2012). During these periods, consumers may shift their consumption to cheaper protein options or they may reduce meat consumption all