Italy Report: Discussing Canada's trading relationship with Italy

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 earned run average 73% of Canadas total imports come from the USA. charm this may see favourable since the two countries are neighbours, it is unwise for Canada to rely so heavily on one trading partner. This leaves much sort for other countries to start trading on a larger scale with Canada. One international trading partner that Canada should focussing 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, whip 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 labyrinthine sense of trades.         Italy is located in southern Europe an d is surrounded by the Mediterranean, Tyrrhenian, Ionian and Adriatic Seas. Like Canada, they are a democratic land with a mixed-market stinting system. The population is 57.6 million. Italy has few infixed resources, which circle a profits Canada, which is a large exporter of natural resources and afflictive materials. This is shown since 17 of the top 25 exports that Canada trades with Italy are natural resources. These exports crack up 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 yet one-third of the amount that the United States makes off of exporting natural resources with Italy ($2,448,091,000 CAD). If Canada increases its trading with Italy, Canadas overall economic well being testament improve since its Gross municipal Product will ask risen due to a surplus in the match of trades. Italy will also benefit from exporting from Canada rather than the US because the Euro is wor th... ! If you want to get a full essay, order it on our website: OrderCustomPaper.com

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