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Canada -- USAs Largest Trading PartnerCompany Specific -- Massasoit Machine IncDCanada - New England Trade Summary 1997FSIC-3081 - Machine Shop IndustryGList of Major Industries for SIC-3081 Machine ShopHInternet Access for International Business EconomicsMassasoit Machine Inc requested the Rhode Island Export Assistance Center to perform a research study of the Canadian market for its product as a first step in the consideration of an increased effort to expand their market in Canada If successful this could provide a methodology to address other international marketsThis report presents the results of this research study It includes an overview of Canada and of the market which Massasoit Machine Inc could address It includes a comprehensive presentation of the North American Free Trade Agreement NAFTA which is an agreement between United States Canada and Mexico that provides almost unlimited access to these markets for American manufacturers It also provides details of the custom requirements and procedures for exporting to CanadaA number of key contacts manufacturers distributors are listed Also presented are details of the Canadian machine shop industryCanada -- USAs Largest Trading PartnerThe trading relationship between the United States and Canada is by far the largest in the world Two-way trade in goods and services accounts for approximately US 1 billion per day every day of the year The US share of total Canadian import is about 71 percent and the United States remains by far Canadas largest export market taking 76 percent of total Canadian exports Economic growth in Canada is projected in the 3 percent range in 1997 and 1998 -- good news for US exporters Housing starts retail trade and automobile sales have been particularly strong sectors in the first quarter of 1997 and domestic demand is expected to be its strongest in years throughout the first half of 1997 In addition machinery and equipment investment should remain strong as ongoing upgrading of Canadian manufacturing plants and equipment continues Despite some well-publicized trade disputes overall market conditions
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