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Canada-California Trade

Friday, February 22, 2019

Consul generals for Canada and Mexico are joining California Chamber of Commerce President and CEO Allan Zaremberg for a panel on the United States-Mexico-Canada Agreement. The new trade arrangement came from a year of negotiations after Trump disregarded the former North American Free Trade Agreement as the “worst deal ever made.”

Amid the settling in to a new agreement, Canada wants to send a clear message: We love you California. As San Francisco’s Consul General of Canada Rana Sarkar told The Sacramento Bee, “Canadians often fly under the radar, but we are significant partners with the state of California.”

According to Global Affairs Canada, California exports $16.8 billion in goods to its northern neighbor annually, with tech and agriculture products accounting for close to $6 billion of that budget. California imports $28.7 billion from Canada per year, with the automobile industry accounting for a whopping $18 billion of that total.

Sarkar also underscored California and Canada’s unique parallels, saying that the two “have a lot to learn from each other” in regards to tech, the cannabis industry, combating the opioid crisis and addressing homelessness.

Source: Sacramento Bee

Category: Economic News