Canadian trade missions ineffective: study

 

Report contradicts other countries’ analyses of impact on trade

Related

  • The United States said it would expose "troublesome" foreign trade barriers in a strategy to prise open markets for doubling American exports to ease an unemployment crisis at home.It will also push for greater access for American companies to operate in countries under a Trans-Pacific deal, negotiations for which will be launched next week.US Trade Representative Ron Kirk said his office will publish a new report this month on trade barriers erected by countries on US exports.

  • Michael Pettis submits: A report just came out from the US-China Business Council that seems to be getting a lot of play in the press.

  • The Canadian Chamber of Commerce is calling for Canada to take the lead on a possible free-trade deal with China as a way of diversifying the trade profile and boosting the economy

  • China's Premier Wen Jiabao Saturday called for talks on a bilateral free-trade agreement with South Korea as the two countries wrapped up a three-year joint feasibility study on the project."The two countries should start official talks on their free-trade agreement in the future," Wen was quoted as saying by Yonhap news agency at a meeting with South Korean business leaders in Seoul.

  • World trade is expected to grow 9.5 percent in 2010, after suffering its biggest collapse since World War II in 2009, the head of the World Trade Organisation Pascal Lamy said Friday."Our economists are forecasting a world trade growth for 2010 of 9.5 percent with developing countries' trade growing 11 percent and industrialised countries' trade growing by 7.5 percent," the WTO director-general said."This means that trade-wise, there is light at the end of the tunnel and it's certainly a good forecast, good news for the world economy," he added.

  • Canadian municipal leaders threatened to retaliate against the “Buy America” movement in the United States on Saturday, warning trade restrictions will hurt both countries

  • The 16 countries that make up the eurozone report a positive trade balance for the first time in almost a year.

  • Canadian wholesale trade grew twice as much as expected in March at 1.4 percent, led by machinery and equipment and building materials, Statistics Canada said on Wednesday

  • Michael Pettis submits: How much does the Greek crisis matter for China? There are, as far as I see, broadly two schools of thought. One school says that the Greek crisis is largely a problem internal to Europe, and its impact on Europe and the rest of the world is too small to matter much. In support they point to limited bilateral trade relationships between China and the most affected European countries.

  • The LFB submits:The Canadian dollar was one of the strongest pairs over the last five weeks of trade against the greenback, even through a time when the pound and euro declined by hundreds of pips. The main driver of the Canadian dollar’s strength is oil trade, that is currently trading at the similar levels than 15 months ago (October 2008).

 
DJI: 10441.35 1.16% |S&P 500: 1103.60 1.22% |FTSE: 5428.15 1.05% |Nikk.: 9114.13 0.56% |DAX: 6134.62 0.83% |HSI: 20971.50 0.49% |
FX: EUR/GBP: 1.1989 | USD/EUR: 1.2893 | JPY/USD: 84.445 | Commodities: Gold: 1247.90 | Crude - CLH09.NYM: 0.00 |