Trade Agreements Between Canada And Russia

As part of the British Empire and then the Commonwealth of Nations, Canada did not establish a Foreign Office (Foreign Office) until 1909 and developed an independent foreign policy after the Bolshevik Revolution of 1917 and the creation of the USSR. Relations between the two countries were finally established on June 12, 1942 in the context of World War II, after the German invasion of the Soviet Union, when Canada joined Britain and other Western democratic countries in alliance with the Soviet Union against the Nazis. During the Cold War, Canada was part of the Democratic Western bloc and a member of NATO, in opposition to the Soviet Communist Bloc (Warsaw Pact). Canada is consistently referred to as a trading nation, with total trade accounting for more than two-thirds of its GDP (the second highest level in the G7 after Germany). [1] [2] Of this total, about 75% are treated with countries that are part of free trade agreements with Canada, particularly with the United States, on the North American Free Trade Agreement (NAFTA). [3] At the end of 2014, Canadian bilateral trade reached $1 trillion for the first time. [4] The Parties agree that the purpose of the Agreement in force is economic cooperation, including trade, investment, financial, industrial and scientific and technological cooperation between enterprises, organizations, enterprises and governmental authorities of the two countries. In 2007, Canada`s total merchandise trade with Russia was $2.6 billion, a 154% increase from 1998 levels (Chart 1).2 This was four times the 38.6% growth rate in total Canadian world trade. Even so, Russia accounts for only 0.3% of Canada`s total trade with the world. The event was jointly led at the government level by Russian First Deputy Prime Minister Viktor Zubkov and Canadian Minister of International Trade Edward Fast.

The event brought together CEOs of major Canadian players in the Russian market as well as shareholders and senior executives from their key Russian partners who discussed bilateral trade and investment issues. June 1 marked the beginning of the meetings of the Intergovernmental Economic Commission (CIS) on June 2. . . .

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