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Is Canada Relying Too Much on its Export Canada is one of the biggest countries in the world It has a consistent economy A large amount of its economy comes from export Canada is a country full of natural resources it is also famous for its agriculture Animal products fish seafood pulp and paper lumber and plywood etc are the main products being exported to other countries Canadian products are sold all over the world Its products are exported to North America South America Asia and Europe The amount of Canadas export suggests that the Canadian economy depends too much on its exports The United States of America is now Canadas major export partner In 1998 the total value of products exported to the United States was 2441 billion dollars and there was a 242 billion dollars of services There is approximately 14 billion dollars worth of goods and services which cross the border each day The United States of America supports over 2 million Canadian jobs and generates 28 of Canadas GDP In Canadas total export 81 goes to the United States Prime products that Canada exports to the States are Sugar and sugar-containing product softwood lumber wheat and barley wool suits fish and alcohol Canada exported 59250 tons of sugar to the US in 1998 In 1998 Canada exported twice as much of sugar compared to that of 1998 On April 1 1996 Canada and the US signed a softwood lumber agreement indicating that Canada would provide fives years of softwood and lumber to the US Under this agreement softwood lumber exported to the United States originates from British Colombia Quebec Ontario and Alberta The agreement states that exceeding 147 billion board feet a year would be subjected to a 50 dollars US per thousand board feet fee for the first 650 million board feet and 100 US dollars per thousand board feet fee for quantities exceeding this amount Canada also exports
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