Canada has a big problem, which must be considered very seriously. Their largest outside(a) occupation partner, the get together States of America currently receives 80.3% of Canadas total exports term 73% of Canadas total imports come from the USA. charm this may wait favourable since the two countries are neighbours, it is unwise for Canada to rely so heavily on one trading partner. This leaves much modal value for other countries to start trading on a big scale with Canada. One international trading partner that Canada should charge 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, lash goods and footwear (Marchese). By Canada increasing its trading kind with Italy, they could metamorphose where they export and import and help improve their sense of parallelism of trades. Â Â Â Â Â Â Â Â Italy is located in southern Europe and is surrounded by the Mediterranean, Tyrrhenian, Ionian and Adriatic Seas. Like Canada, they are a democratic body politic with a mixed-market stinting system. The population is 57.6 million. Italy has few innate(p) resources, which become a profits Canada, which is a large exporter of natural resources and defenseless materials. This is shown since 17 of the top 25 exports that Canada trades with Italy are natural resources.
These exports exhibit 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 solely one-third of the amount that the United States mak es off of exporting natural resources with I! taly ($2,448,091,000 CAD). If Canada increases its trading with Italy, Canadas overall economic well being provide improve since its Gross municipal Product will cod risen due to a surplus in the residual 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:
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