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1.2 The Canada-U.S. trade and economic relationship
The United States is Canada's largest trading partner and is the largest market for Canadian goods. The Canada-U.S. Free Trade Agreement (1989) and the North American Free Trade Agreement (1994) have both been crucial to increasing market opportunities for Canadian exporters in the U.S.

Ultimately, however, it is Canadian exporters – of all sizes and in all industries – that make this relationship as successful as it is. In 2003, Canada exported approximately C$365 billion worth of goods and services to the U.S., while it imported nearly C$280 billion from its southern neighbour. In fact, U.S. exporters sold more goods to Canada in 2003 than they did to the European Union.

When we look at just a few of the specifics of our trade with the U.S., we find that:

In 2003, the two-way trade in goods and services between our two countries reached C$1.8 billion a day.
Canada is the U.S.'s most important trading partner, taking......

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Approximate Word Count: 1583
Approximate Pages: 7 (250 words per double-spaced page)

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