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The Conference Board of Canada,after the Enlargement of the EU

Question 122

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The Conference Board of Canada,after the enlargement of the EU from 15 to 25 members,in a report stated that,"In 2003,two-way merchandise trade between Canada and the EU totalled nearly $58 billion CAD.Canadian exports of goods to the EU were $18.8 billion,and imports were $38.8 billion.Canada's stock of foreign direct investment in the EU reached $99.8 billion in 2002.That same year,the EU's stock of FDI in Canada was $94 billion,representing 26.9 per cent of all foreign direct investment in Canada and 75 per cent of FDI in Canada originating from outside the United States.Canada's prospects are good for increased trade and investment with the EU's 25 member states." In addition to the economic benefits,would there be any political benefits to Canadian increasing its trade with the EU.

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