This website uses cookies to ensure you have the best experience. Learn more

Trade Agreements Between Canada And Belgium

2028 words - 9 pages

Trade Agreements between Canada and Belgium

Economic and Trade Relations

Belgium is Canada’s 12th export destination with $873 million and is also the 19th country regarding imports with $776 million. Canadian exports to Belgium amounted to $2.3 billion in. The major entry point in trading goods between Canada and Europe is the Port of Antwerp.

In 2013, Canada and the European Union (EU) reached a trade agreement. Prime Minister Stephen Harper announced that the trade agreement will boost trade and investments between the two countries, as well as creating employment opportunities for many Canadians. This agreement covers most aspects of the Canadian and EU economic relationships, including trades in goods and services and also investments. Prime Minister Stephen Harper stated that, “This trade agreement is a historic win for Canada. It represents thousands of new jobs for Canadians and a half a billion new customers for Canadian businesses”.

This agreement provides Canada with access to 500 million different consumers in the EU. Canadian workers benefit from the increase of access to the EU’s market which currently makes $17 trillion annually. The deduction of 98% of the tariffs in the EU will increase profits for Canadian businesses all over Europe. An example of this is the elimination of tariffs in agriculture and fish, which means that seafood such as lobster, producers of maple syrup in Quebec, and growth of fruits in Ontario and British Columbia will see an improvement in their profits. Making trade negotiations with the EU has been the most collaborative trade agreement Canada has ever made.

Partnership or Joint Venture between a business in Belgium and a Canadian Business

Beverage Partnerships Worldwide (BPW): Coca-Cola Nestlé Refreshment Company

BPW started in 1991 as ‘Coca-Cola Nestlé Refreshment Companies’. In 2001, it was renamed as Beverage Partnerships Worldwide. Six years later it focused on developing ready-to-drink canned and bottled tea, now commonly known as Nestea. Five years later, BPW held a campaign to encourage their customers to “Start Something Different” with Nestea. The campaign comprised of mainly television commercials. A year passed and they all decided to have most of their operations within Europe, Australia, Taiwan, Hong Kong, and of course Canada! Both Coca-Cola and Nestlé are partners in this joint venture. After, in 2013, BPW ran a competition to create films about Nestea. They received videos from over 140 different countries around the world. This was a way for the company to advertise their products as well as getting people involved. Nestle products are sold all over Canada today and can be found in places such as food courts, amusement parks, and in restaurants.

Chocolate Partnership: Godiva Chocolatier

Godiva was founded in 1926 (approximately 80 years ago in Brussels, Belgium). A master chocolatier named Joseph Draps founded the company and was introduced to America in 1966. The company...

Find Another Essay On Trade Agreements between Canada and Belgium

Globalisation - "Examine how global, regional, and bilateral trade agreements can impact on the global economy."

2315 words - 9 pages As globalization becomes increasingly more evident as countries become further integrated with one another, trade agreements have been formed in recent years to ensure trade opportunities can be gained from. These agreements and trading alliances can be large-scaled such as the global agreement World Trade Organisation (WTO), the smaller scale regional agreements such as the European Union (EU) as well as agreements between two specific

Measuring the Effect of Regional and Preferential Trade Agreements on Multilateral Trading Systems

3758 words - 15 pages dynamic bargaining model with transfers between countries, where a “leading” country decides whether, and in what sequence, to negotiate trade agreements with two “following” countries. The developing countries select the free trade to reach at high level through multilateral negotiations when externalsget benefit with the formation of the RTA.23 In their analysis, if free trade does not make the joint payoff maximum then the FTAs can be either

Economic relationship between Canada and Spain

9275 words - 37 pages between 15 to 20 pesetas per day. Taxi drivers with meters should be given 10%http://www.executiveplanet.com/business-etiquette/Spain.htmlTitle Canadian Total ExportsProducts Top 25 Products (HS6 Codes)Note This report excludes HS codes (in Chapters 98 and 99) used to record 'Special transactions trade'. These deal mainly with low valued transactions, value of repairs to equipment, and goods returned to the country of

A Connection between Don Miguel Ruiz's "The Four Agreements" and Martin Buber's "I and Thou"

1062 words - 4 pages between true dialogue and Martin Buber's notion of an I-Thou relationship and these agreements can be seen.The primary agreement expanded upon is to "Be Impeccable with Your Word". Ruiz explains that "it is through the word that you manifest everything- what you dream, what you feel and what you really are" (Ruiz, Agreements, 26). He also explains that "The word is a force; it is the power you have to express and communicate, to think" (Ruiz

Differences between American and European trade-unions

931 words - 4 pages French and European trade-unions.The power of trade-unions et its importance depend on the national habits. That's why we can oposed two main type of trade-unions in Europe: In the first hand, german or scandinav trade-unions which are reformists and priviligee negociations between employers and employees; and in the other hand, latin trade-unions, as the french one, which are more revolutionary and act through strikes in order to defend

Historical and cultural comparisom between Canada and USA

2955 words - 12 pages community of Calgary have enjoyed living among the most beautiful natural surroundings in North America. “The continents territory is divided between only Canada and USA its population of over 277 million is heavily concentrated in a pocket between the grate lakes and the east coat.” (Burton 1995) As we all know New York is situated to the south of Canada and located on the west coast of the United States. New York is a vibrant, sophisticated, diverse

Costs and benefits of regional and international trade, and which should Canada be then pursuing?

2178 words - 9 pages to Canada hinted at economic penalties against Canada for not joining the American led campaign. As Mansfield and Busch explained, systems of this sort, such as RTAs, provide incentives for the dominant states to behave in a predatory manner (F&L 356). Regional agreements therefore could also be suggested as being maintained to a degree in the interest of the largest states.Regional Trade Agreements: Benefits"The only context in which a wide

Inequality Between Aboriginals and Non-Aboriginals Living in Canada

998 words - 4 pages eliminating the oppression on aboriginal peoples there still remains a vast inequality between the aboriginals of Canada and that of their counterparts of European descent in the forms of their educational differences which lead to difficulties in employment as well as an increased crime rate. There is a vast inequality between the education of an aboriginal and that of a non-aboriginal person. “Only 31 percent – about half the Canadian average

Parallels Between the United States of America and Canada

809 words - 3 pages There are many parallel between the United States of America and Canada. For instance they were both former possessions of the British crown, they speak mostly English, and they both had to deal with Native Americans. But one important difference is how they treated their native population during Western expansion. The Americans treated the Natives Americans like they were below them. The made treaties with the natives only to ultimately break

The Difficulties of Borders Between Canada and US

1057 words - 4 pages United States and Canada, crossing over these lines without going through interrogation can be dangerous. The majority of the story focuses on the between acts experience and what happens in the spaces. This story may leave the impression of the Canadian-American relations at the border. The main character, the mother is very stubborn as she only believes in “Blackfoot” to be her citizenship rather than stating that she is Canadian or American

Relations Between the Government of Canada and the First Nations People of Canada

2609 words - 10 pages Canada, otherwise known as the First Nations. Over the years, the First Nations people have been treated inhumanely and severely discriminated against. Although over the past several years this trend has begun to decrease in severity, there is still much work to be done to reconcile the differences and tensions the Government of Canada created between themselves and the First Nations people of Canada.It is clear, as already mentioned, that the First

Similar Essays

The Canada United States Free Trade Agreements

1215 words - 5 pages The implications of the Canada-United States Free Trade agreement and the subsequent NAFTA agreement pertaining to Canadian trade with the United States.The arguments in favour of these agreements include:1) Comparative AdvantageThe notion is that everyone will benefit when countries specialize and trade freely what they produce most efficiently. Less intervention by the government would enhance the process of free trade and help achieve the

Regional Trade Agreements And Their Impact On Globalisation

2163 words - 9 pages regional and global agreements that have allowed for expansion of industries and access to much larger markets.Free Trade Agreements (FTA's) are formal arrangements between countries that allows for greater trading opportunities without the barriers often in place between competing countries. Such agreements made between two or more countries aim to encourage a policy of non-intervention by governments in trade between the participating countries

Impacts Of Banana And Coffee Farmers Due To Trade Agreements

1561 words - 7 pages in controlling watergrass." This is now widely used in banana growing. Preference Erosion has had a major impact on the banana growers in the ACP countries in recent years. Preference Erosion is the decrease in the margin between a preferential tariff rate and the MFN tariff rate originating from tariff liberalization. Many banana growers have preferential trade agreements with many of the developed countries such as U.S. and Europe. These

Trade Between Australia And China Essay

1936 words - 8 pages Many products we use today are made in China. Trade between Australia and China has heightened in the last couple of years. China has one of the world’s largest economies. It has an increasing role in shaping the world economy, accounting for a third of the increase in the world’s gross domestic product and imports for the period 2000 to 2003 (The Economist 2004). It is also home to a population of 1.3 billion inhabitants, consuming a variety of