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Canada Vs China Vs US?
The effects of Canada making China it's major trading partner?
Wouldn't it be more beneficial for Canada to make China one of it's number one trade partner rather then the US. I understand we have agreements in place but those can be changed, I mean honestly, it's not as though the US honours the N.A.F.T.A anyway so why not? I know we may lose money on the trade value due to costs for shipping and what not, but we would be moving way more volume wouldn't we? I don't know it's just a though as a possible way to strengthen our economy. Please feel free to throw in your 2 cents on the idea, as to why/not work.
2 Answers
- Guo Lo CLv 49 years agoFavorite Answer
It is a controversial question about the trading among China, US, and Canada. We better recall the 60s economy when the America officials or economists say: "If America economy goes worsen, so as Canada. However, if Canadian economy goes worsen, it is not necessarily America will follow."
In the 60s or 50s America has a lot of investments in Canada, particularly the manufacturing in the province of Ontario which is more closer to the US boarders. By that America was controlling the Canadian economy, but not anymore.
Let me put in this way, Hong Kong has lost 90% of the overall manufacturing products to China due to the high labour cost of locally. China is named as the World Factory in the recent years. For the North America counter part, Canada and the US must do the followings.
1) They must learn how to live for less and work for the less.
2) North America manufacturing businesses should keep on investing in China or lower wages countries, such as Mexico, Burma, Vietnam, and Korea.
3) The free trade agreements need to be modified by eliminating the imposed import taxes which eventually pay by the North America consumers.
It is easier for you to find out the answer yourself by cruising the following web.
- 9 years ago
You're interpretation of the economy is backwards in my opinion. The US and Canada are major trading partners because their goods and or services are mutually beneficial. If Canada makes China it's major trading partner it won't be because the government made some grand decision, it will be because Canadians will be able to export to China and get a better deal than if they were to sell to the US. It will happen because Canadians are free to buy or sell from anybody in the world, so if a Chinese company offers to pay more than an American company for a Canadian resource, the Chinese company will get the resource. When more Chinese companies are buying or selling goods with Canadian companies than Americans the Chinese will be Canada's biggest trading partner. The biggest wall with Chinese and Canadian trade is the fact that the goods must be shipped across an ocean where as Canadians can just drive their goods between America and Canada.
