1 / 18

Unlocking Trade Opportunities: Navigating the Canadian Market with Russ Sawchuk

Explore the vast potential of the Canadian market with insights from Russ Sawchuk, Director of the North Carolina Canada Office. This overview highlights Canada's economic landscape, trade facts, and key areas for North Carolina businesses looking to expand. With a population of 33.4 million and a stable GDP of $1.576 trillion, Canada presents a lucrative opportunity for U.S. exporters. Learn about the strong ties between Canada and North Carolina, key sectors for investment, and essential resources to facilitate your market entry.

davis
Télécharger la présentation

Unlocking Trade Opportunities: Navigating the Canadian Market with Russ Sawchuk

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Exploring the Canadian Market Russ Sawchuk, Director North Carolina Canada Office

  2. Topics • Canada: An Overview • Why Canada • Trade Facts • Canada and North Carolina • Key Areas • Considerations • Additional Resources

  3. Canada – An Overview • Population 33.4 million with 10 provinces and 3 territories • GDP ($1.576 Trillion, 9th in the world) • ~$39,600 GDP/capita • Second largest country, 7th largest economy

  4. Why Canada? • Affluent, industrial economy • Similar business practices and attitudes • Geographic proximity reduces transit times & costs • 90% of Canadians live within 100 miles of the border • Common language, corresponding time zones • Open border • Sound financial & distribution systems Canadian Sales should be at least 10% of your US Sales

  5. The Canadian Economy Canada’s Economy is growing again • Stimulative monetary and fiscal policies • Improved financial conditions • Firmer commodity prices • Rebounding business and consumer confidence • Growth in domestic demand Canadian GDP Growth • 3% for 2010 • 2.9% for 2011 [forecast] • Canadian $ at par with US $

  6. Canada-U.S. Investment: • One of the world’s largest investment relationships • US FDI in Canada: $288 Billion 2009 52% of foreign investments in Canada • Canada FDI in US: $251 Billion 2009 44% of Canadian foreign investment

  7. Canada-U.S. Trade:Statistics • Canada-US trade - largest in world • Over $1.4 billion in goods and services daily in 2010 • US exports to Canada up 65% since 1995, under NAFTA • 55% of all Canadian imports come from the U.S. • 75% of all Canadian exports go to the U.S.

  8. Canada and North Carolina Merchandise Trade Canada is NC’s largest export market Over $20 million/day traded between N.C. and Canada [2010]

  9. Canada and North Carolina Top NC Exports to Canada (2010) Fact: 21% of NC exports are sold to Canada

  10. Canada and North Carolina Top NC Imports from Canada (2010)

  11. Travel & Tourism Canada and North Carolina

  12. Ontario • 13 million people and 43% of Canada’s GDP [2010] • Canada’s largest market, and most similar to the US • Low-risk entry point into Canada • 35% of all Canadian R&D • Toronto: largest city in Canada, home to half the country’s largest financial institutions, 90% of its international banks, and over 75% of U.S. subsidiaries in Canada

  13. 2011 Best Prospect List Security Aerospace and Defence Energy & Environment Construction & Engineering ICT

  14. Considerations when Exporting to Canada

  15. Resources for NC Exporters to Canada • NC Dept of Commerce, Intl Division, Raleigh www.nccommerce.com • NC District Export Council www.ncdec.us • NC World Trade Center www.wtcnc.org • US Export Assistance Centers www.buyusa.gov/northcarolina/location.html • US Commercial Service in Canada http://www.buyusa.gov/canada/en/bsp.html • Independent Consultants with Canada Experience • Logistics, Shipping, Freight Forwarding Co’s • Attorneys & Law Firms with Canadian Presence

  16. Useful Canadian Websites www.strategis.ic.gc.ca www.investontario.com

  17. North Carolina Department of Commerce - Canadian Office Contact Information Russ Sawchuk, Director 13A Princess Street Mississauga Ontario L5M 1Z8 Canada Phone: (905) 826-6000 Fax: (905) 826-6009 Email: ncco@on.aibn.com www.thrivenc.com

More Related