The UK makes up around 2.5% of Canada’s trade exports, and strangely enough, more than half of that is us exporting Gold to them… about 7.5 Billion dollars worth in 2021
I think we’ll be okay without a formal free trade agreement.
We import even less from the UK than we export to them.
Also, lack of a free trade agreement doesn’t mean we can’t trade with them at all, most of that trade will continue completely fine. It just means that on either side there can be additional tariffs on specific items if the country decides to do that.
A free trade agreement isn’t just about goods either. Professional mobility is a wonderful thing. Anyway, I digress. I hope we can work something out. Actually, I hope the UK reverses course and rejoins the EU, but that’s another conversation ;)
The UK is not our best option for that, our primary exports to the US are Petroleum and Cars/Car Parts, along with a ton of other raw exports. The UK doesn’t want that stuff from us because they aren’t a refiner/processor anymore. Even if they were, we aren’t going to be shipping fossil fuels there, because we don’t have a way to get it all the way across the country for a reasonable price. Similarly logging trees in BC and shipping wood products to them simply doesn’t make sense logistically. We may be able to foist some food off on them from the prairies, but that’s about it from a goods perspective.
We need to increase our trade with Japan, South Korea, Australia, India(unfortunately), along with the developing nations in Southeast Asia.
I shudder to think what country would want to actually buy asbestos. All I can think about is how much of a pain in the ass it is to clean up once used in construction.
Fun fact, most countries still allow asbestos in a lot of products, including the States. Canada has an outright ban since 2018, which includes in concrete materials.
It’s a pain in the ass to deal with when we come across old asbestos concrete sewer pipes and have to dispose of them properly. It’s weird that a lot of other countries are still producing it.
It’s fucking amazing through. If it weren’t for the instant cancer thing it would be used in 1000 household products, electronics, automotive parts, airplanes, space shit, even clothes. There are a few places where the benefits still outweigh the risks though, also places like Russia and China where they don’t give a shit.
Aluminum is a good example for why we shouldn’t trade with the US (soft wood as well and everything else) because Trump took office and blocked Aluminum imports from Canada so China could sell more
The UK makes up around 2.5% of Canada’s trade exports, and strangely enough, more than half of that is us exporting Gold to them… about 7.5 Billion dollars worth in 2021
I think we’ll be okay without a formal free trade agreement.
Trade goes both ways.
But also, it hurts the Brexit fans when they can’t bully their way through trade agreements. World is weird man ;)
We import even less from the UK than we export to them.
Also, lack of a free trade agreement doesn’t mean we can’t trade with them at all, most of that trade will continue completely fine. It just means that on either side there can be additional tariffs on specific items if the country decides to do that.
A free trade agreement isn’t just about goods either. Professional mobility is a wonderful thing. Anyway, I digress. I hope we can work something out. Actually, I hope the UK reverses course and rejoins the EU, but that’s another conversation ;)
Never going to happen. They well have less power then before.
And that would be unfortunate for them, but clearer heads may come to the conclusion that they would have more power internationally than they do now.
We want to replace the US as our go to trade partner, we are going to need to increase our trading with other countries
The UK is not our best option for that, our primary exports to the US are Petroleum and Cars/Car Parts, along with a ton of other raw exports. The UK doesn’t want that stuff from us because they aren’t a refiner/processor anymore. Even if they were, we aren’t going to be shipping fossil fuels there, because we don’t have a way to get it all the way across the country for a reasonable price. Similarly logging trees in BC and shipping wood products to them simply doesn’t make sense logistically. We may be able to foist some food off on them from the prairies, but that’s about it from a goods perspective.
We need to increase our trade with Japan, South Korea, Australia, India(unfortunately), along with the developing nations in Southeast Asia.
As an aside we shouldn’t be shipping unrefined oil products anywhere
But for raw trade we have potash, uranium, and asbestos
I shudder to think what country would want to actually buy asbestos. All I can think about is how much of a pain in the ass it is to clean up once used in construction.
Mainly used in cement and cars today
Fun fact, most countries still allow asbestos in a lot of products, including the States. Canada has an outright ban since 2018, which includes in concrete materials.
It’s a pain in the ass to deal with when we come across old asbestos concrete sewer pipes and have to dispose of them properly. It’s weird that a lot of other countries are still producing it.
It’s fucking amazing through. If it weren’t for the instant cancer thing it would be used in 1000 household products, electronics, automotive parts, airplanes, space shit, even clothes. There are a few places where the benefits still outweigh the risks though, also places like Russia and China where they don’t give a shit.
Raw Aluminum is way higher than anyone ever expects – cheap electricity means it’s refined here.
Sauce: https://oec.world/en/profile/country/can?yearlyTradeFlowSelector=flow0
Aluminum is a good example for why we shouldn’t trade with the US (soft wood as well and everything else) because Trump took office and blocked Aluminum imports from Canada so China could sell more