WTO Trade Policy Review of Canada March 21

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WTO Trade Policy Review of CanadaMarch 21 23,
2007Geneva, Switzerland
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Canadian growth has been resilient, but has been
slowing of late
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but with little effect on job creation
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Fiscal policy has been a story of surpluses and
debt reduction
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with intent to further improve the books
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The Canadian dollar has been strong relative to
other currencies
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and may have contributed towards a falling
share of trade in economic activity
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Overall, the current account improved in 2005
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The goods surplus has rebounded while the
services deficit has expanded
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Energy products led goods exports
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while imports were up across-the-board
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Services exports have expanded at a slower pace
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while services imports are up.
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The importance of the U.S. for Canadian exports
has been falling, as well as for imports
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Notwithstanding, trade with the U.S. averages
almost 2 billion a day
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Imports from LDCs have increased following the
2003 Kananaskis LDC market access initiative
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Canada is a net exporter of capital
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• Tax Advantage
• Fiscal Advantage
• Entrepreneurial Advantage
• Knowledge Advantage
• Infrastructure Advantage

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• Advantage Canada, the governments 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 ST agreements
• Reinvigorating our comprehensive trade and
  investment relationship with our closest trading
  partner, the United States and
• Extending our reach to new markets.

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WTO Trade Policy Review of Canada