What are some of the benefits of Canada trading with Japan specifically?

Question

What are some of the benefits of Canada trading with Japan specifically?

Answer 1

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Answer 2

1. Money

In 2002, when Canada exported slightly less than $5.5 billion US dollars.  Last year, Canada was exporting to Japan at about $8.5 billion US dollars.  From a Japanese standpoint,     in 2006, the Japanese exported 1.2 trillion yen in automobiles, auto parts, machines and equipment and imported 1.1 trillion yen in lumber, pork, canola, pulp, sea foods and coals from Canada.

2. Valuable exchange of necessary goods.

Canadian Imports from Japan

Motor vehicles, trailers, motorcycles, etc. 43.5% (of trade)

Boilers, mechanical appliances, etc. - 19.6%

Electrical machinery and parts - 13.4%

Optical/photographic equipment, etc. - 5.1%

Aircraft, spacecraft and parts - 2.9%

Canadian Exports to Japan

Wood and wood articles, charcoal - 14.3% (of trade)

Ores, slag, and ash - 13.1%

Mineral fuels, oils and waxes, etc. - 11.1%

Oil seeds and misc. fruit, grain, etc. - 9.9%

Meat and edible meat offal - 8.5%

3. Trading Partners

In terms of two-way trade in goods and services (balance of payments basis), Canada was Japan's 15th largest trading partner in 2006. On the same basis, Japan was Canada's third largest trading partner.

4. Investment

Direct investment from Japan to Canada is directed primarily toward the manufacturing industries. More than 600 subsidiaries and affiliates of Japanese companies were operating in Canada in 2006. On the other hand, over 100 Canadian companies have established a commercial presence in Japan. Nearly half of these companies are engaged in the information and communications technologies sector.

5. Movement of People

In Oct. 2006, there were 44, 158 Japanese nationals residing in Canada and 11,893 Canadian nationals residing in Japan in December 2006.