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C-Suite bullish on trade with China 

FIPA came into force between Canada and China on October 1st. This trade agreement between our two countries has been ratified for thirty-one years demonstrating a long-term relationship, and ongoing trade negotiations continue with Canada and numerous other Asian economies.

In addition, we are now seeing a shift in optimism back to favouring the US, who continues to be Canada's biggest trading partner. While the US is still integral to our growth, it is important to remember that after the US, China is Canada’s second largest trading partner. While the absolute value of American exports has remained relatively unchanged since 2000, Canadian exports to Asia have grown from $21.6 billion in 2000, to $51.2 billion in 2013. And while this growth is significant, the statistics indicate it will continue to increase.

 

This quarter’s C-suite findings [PDF 576Kb] were a positive surprise with the majority (74%) of Canadian executives indicating they believe open trade and investment between Canada and China will have a positive impact on their sector.

Top highlights

This survey, sponsored by KPMG, is conducted by the Gandalf Group, and published and broadcast by The Globe and Mail and BNN.

 

 Contact

Willy J. Kruh

Willy J. Kruh

Global Chairman, Consumer Markets

416-777-8710

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