Presentation Transcript
WTO Trade Policy Review of Canada March 21 & 23, 2007 Geneva, Switzerland : WTO Trade Policy Review of Canada March 21 & 23, 2007 Geneva, Switzerland
Canadian growth has been resilient, but has been slowing of late … : Canadian growth has been resilient, but has been slowing of late …
… but with little effect on job creation : … but with little effect on job creation
Fiscal policy has been a story of surpluses and debt reduction … : Fiscal policy has been a story of surpluses and debt reduction …
… with intent to further improve the books : … with intent to further improve the books
The Canadian dollar has been strong relative to other currencies …: The Canadian dollar has been strong relative to other currencies …
… and may have contributed towards a falling share of trade in economic activity: … and may have contributed towards a falling share of trade in economic activity
Overall, the current account improved in 2005 : Overall, the current account improved in 2005
The goods surplus has rebounded while the services deficit has expanded: The goods surplus has rebounded while the services deficit has expanded
Energy products led goods exports … : Energy products led goods exports …
… while imports were up across-the-board : … while imports were up across-the-board
Services exports have expanded at a slower pace …: Services exports have expanded at a slower pace …
… while services imports are up. : … while services imports are up.
The importance of the U.S. for Canadian exports has been falling, as well as for imports : The importance of the U.S. for Canadian exports has been falling, as well as for imports
Notwithstanding, trade with the U.S. averages almost $2 billion a day : Notwithstanding, trade with the U.S. averages almost $2 billion a day
Imports from LDCs have increased following the 2003 Kananaskis LDC market access initiative : Imports from LDCs have increased following the 2003 Kananaskis LDC market access initiative
Canada is a net exporter of capital : Canada is a net exporter of capital
Slide18: Tax Advantage
Fiscal Advantage
Entrepreneurial Advantage
Knowledge Advantage
Infrastructure Advantage
Slide19: Advantage Canada, the government’s economic plan, committed to developing a “comprehensive Global Commerce Strategy.”
The Doha Round remains our top trade policy priority.
The Strategy will include:
Pursuing regional and bilateral trade, investment, and S&T agreements;
Reinvigorating our comprehensive trade and investment relationship with our closest trading partner, the United States; and
Extending our reach to new markets.
WTO Trade Policy Review of Canada : WTO Trade Policy Review of Canada