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TRANSCRIPT
Suzanne L. CormieSenior Trade Commissioner,
Consulate General of Canada
Midwest International Trade Association Conference
May 17, 2017
Oh, Canada!
1
Canada 101
• Population: 36
Million
• 10 Provinces and 3
territories
• Capital city: Ottawa
• Official Languages:
English & French
• Currency: Canadian
dollar (CAD)
Some Facts on
Canada
3
Canada and the US:
Partners in Prosperity
• U.S. sells nearly 3 times more to Canada than to China
• Canada and the U.S. share $635 billion in annual trade
• $1.7 billion crossing border every day
• Canada is the #1 export destination for 33 states
4
Canada and the US are each other’s
most important trading partner
• Trade with Canada supports close to 9
million U.S. jobs
• Canadian-owned companies operating
in the United States employ more than
500,000 Americans
5
• Canada welcomes more tourists from the
U.S. than any other country
• Canada is an important destination for
U.S. investment abroad. In 2016, U.S.
direct investment in Canada totalled CAD $392 million.
Canada and the US are each other’s
most important trading partner
6
Top Canadian Exports to the US
• Crude Oil
• Motor Vehicles / Motor Vehicle Parts
• Natural Gas
• Lumber
• Pharmaceuticals
7
• Crude Oil
• Motor Vehicles / Motor Vehicle Parts
• Natural Gas
• Aircraft
• Pharmaceuticals
Top US Exports to Canada
8
Data: Statistics Canada, 2008Source: Office of the Chief Economist, DFAIT
• On average, 17% of
the value of
Canadian exports to
the U.S. is U.S.
content.
• Almost 1/5th of the
value of Canadian
exports to the U.S.
was produced in the
U.S.
• High degree of
integration,
especially in
transportation eq’t
and computers and
… and both
countries’
production is
highly integrated.
0% 20% 40%
Grains
Other utilities
Forestry products
Mineral fuels
Hosiery, clothing and accessories
Tobacco and tobacco products
Non-metallic minerals
Soft drinks and alcoholic beverages
Lumber and wood products
Meat, fish and dairy products
Petroleum and coal products
Other agricultural products
Wood pulp, paper and paper products
Metal ores and concentrates
Furniture and fixtures
Fish and seafood and hunting and trapping products
Pharmaceuticals
Fruit, vegetable and other food products and feeds
Chemicals, pharmaceuticals and chemical products
Electrical, electronic and communication products
Non-metallic mineral products
Leather, rubber, and plastic products
Primary metal products
Computers and office equipment, excluding photocopy and…
Fabricated metal products
Aircraft, aircraft engines, parts, equipment, service and…
Printing and publishing
Miscellaneous manufactured products
Machinery
Motor vehicles, other transportation equipment and parts
Textile products
US Content of Canadian Merchandise Exports
9
Bottom Line: We Make Things Together
10
Canada is a Top Partner for
Nebraska• Nebraska exported $1.4 billion in goods and
services to Canada in 2016.
• 57,400 jobs in Nebraska depend on Canada–U.S. trade
11
• 2,100 Nebraskans are employed by
Canadian-owned companies
• In 2014, 68,300 Canadians visited
Nebraska and spent $23 million
Canada is a Top Partner for
Nebraska
12
• Sourcing
• Obtaining high tech
components & raw
materials
• New kinds of processes
• Service solutions
• Finding companies that
share your interests
• Including your company
in our network of local
contacts
• Inviting you to participate
in Consulate events
• Science & technology/
R&D partnerships and
information links with
Canadian R&D
One of Canada’s 45,000 exporters and world
class research & development institutes may
have exactly what you’re looking for!
How Can We Help You?
14
Building Your Business in Canada
• We can help you find the right partners
• The right partners and information can help
you build your business in Canada
• We can help you find the right service
providers
• Help with you GVC’s
• We can provide answers to your questions on
potential investment projects
15
Geographic
proximity
• Many Canadian production
hubs are closer to key US
markets than corresponding
American centres.
• Of Canada’s 20 largest
cities, 17 are within 100
miles of the border.
Approximately 90% of
Canadians live within this
distance. Mexico City
1000 km
500 km
Los Angeles
Denver
Houston
Atlanta
Seattle
Miami
New
York
Boston
Philadelphia
WashingtonBaltimore
DetroitChicago Cleveland
St. Louis
Pittsburgh
Milwaukee
San Francisco
St. John's
Calgary
Vancouver
ReginaHalifax
Toronto
Montréal
WinnipegCharlottetown
Edmonton
VictoriaOttawa
Windsor
Québec
Fredericton
Saskatoon
16
Omaha
Advanced Manufacturing
• aerospace
• agriculture
• building products/infrastructure
• clean tech/sustainable technologies
• sustainable energy
• construction/industrial
• vehicles
• transportation industry
• life sciences
• advanced manufacturing
Areas of Opportunity
18
Canadian Agricultural Equipment
Canada ranks among the world’s top
machinery-manufacturing countries.
For foreign investors in the
machinery and equipment sector,
domestic Canadian demand itself
provides significant opportunities for
growth.
Foreign investors in the machinery
manufacturing sector can expect to
become part of a deep value chain
with strengths in a diverse range of
verticals including: construction
machinery and agribusiness
machinery and equipment.
Canadian Agricultural Equipment
19
Women in Business & International
TradeWomen-owned businesses are expanding at unprecedented rates
o Start-up rate is twice the rate of men
o Number of businesses doubled over the last 10 years
o There are nearly 1 million majority-women-owned businesses in Canada.
o Women-owned businesses provide over 1.5 million jobs for Canadians and contribute almost CAD $150 billion to the Canadian economy.
o Women exporters are on the rise; 21.4% of sales from women-owned businesses were generated from foreign markets.
20
Prime Minister Trudeau’s Initiatives:
• Gender-balanced cabinet, a
first for Canada
• Announcement with
President Trump in Feb.
2017 of Canada-U.S.
Council for Advancement of
Women Entrepreneurs and
Business Leaders, to be led
by Monique F. Leroux
of Investissement Québec.
Women in Business & International
Trade
21
“Empowering Women Entrepreneurs and Business
Leaders
It is a priority of both countries to ensure equal opportunities
for women in the workforce. We are committed to removing
barriers to women’s participation in the business community
and supporting women as they advance through it. As part of
this effort, we are creating a Canada-United States Council
for Advancement of Women Entrepreneurs and Business
Leaders. We expect this initiative to promote the growth of
women-owned enterprises and to further contribute to our
overall economic growth and competitiveness, as well as the
enhanced integration of our economies.”
Joint Statement from President Donald J. Trump
and Prime Minster Justin Trudeau
Washington, D.C., United States of America, February 13, 201722
• June 18-22: The Canadian Business Women’s Trade Mission to the Women’s Business Enterprise National Council (WBENC) National Conference and Business Fair, Las Vegas, NV
• September 14-16: Trade Mission to the Go for the Greens Business Development Conference for Women Entrepreneurs, Orlando, FL
• October 3-4: Women in Business North American Summit, Atlanta, GA
• October 15-17: National Women’s Business Conference, Minneapolis, MN
Upcoming Events
23
Consulate General of Canada in Minneapolis
Suzanne Cormie
Senior Trade Commissioner
(612) 492-2909
@CanCGMPLS
/CanCGMPLS25