Canada Cuba Trade Agreements

Learn more about Canada`s trade and investment agreements: types of contracts and how trade and investment agreements are gradually evolving. Relations between Canada and Cuba date back to the eighteenth century, when ships from Canada`s Atlantic provinces traded cod and beer for rum and sugar. Cuba was the first Caribbean country to be chosen by Canada to establish diplomatic representation and official diplomatic relations were established in 1945. Canada and Mexico were the only two countries in the hemisphere not to interrupt their relations with Cuba in the years following the Cuban Revolution of 1959. Merchandise trade data are based on customs duties; Data on foreign direct investment are based on investments based on the balance of payments. Data on trade in services are not available for Cuba. The Canadian government criticized the embargo imposed on Cuba by the United States in the 1960s and 1970s and opposed U.S. attempts to block trade with Cuba by U.S. subsidiaries.

[7] In 1975, the United States passed a law, formally relaxing the restrictions of its embargo and formally authorizing foreign subsidiaries of U.S. companies to trade with Cuba. [7] “Under the strange and unpredictable sir. Trump is unleashing this elephant in all sorts of dangerous directions — from rewritten trade deals to unjustified tariffs to personal insults,” they wrote, arguing that “it`s time for the Canadian government to dust off and show courage in our legislation and firmly oppose this U.S. aggression against Cuba —not to mention protecting our own national interests in the agreement. The new Cuban government also had good reason to maintain close ties with Canada. As Cuban scholar Raul Rodriguez stated in his 2008 article in the International Journal of Canadian Studies: “The Cuban government, emerging from the 1959 revolution, attempted to maintain and develop its ties with Canada, as The export-oriented Canadian economy was in a unique position to fill, at least in part, the vacuum created by the sudden suspension of trade with the United States in terms of trade “has reached.” The Library of Parliament`s Trade and Investment Series provides information on Canada`s trade and investment relations with the world and with selected countries. It also describes the trade relations of each of Canada`s 10 provinces and three territories with the world. In addition, Canada`s trade relationship with each of the 50 United States is presented. Largest trade surplus in 2017: Agriculture and food with $123.8 million In addition to its bilateral trade relationship, Canada also funds international development programs to strengthen Cuba`s agricultural sector and improve food security in the country. [25] In addition to the agricultural sector, the Canadian assistance program includes technical training and certification funds for workers in the oil and gas, petrochemical exploration, energy, pipeline construction and renewable energy sectors. [25] Funds have also been allocated to the training of auditors to “enhance transparency and accountability” within Cuban government authorities and state-owned enterprises.

[25] A list of contacts for trade commissioners in Canada and abroad is available on our website www.tradecommissioner.gc.ca. As of May 2018, Cuba is currently Canada`s second largest export market in the Caribbean/Central America region; [23] with bilateral trade between the two countries, which averages about CAD 1 billion per year. [23] [24] A total of 85 Canadian companies and subsidiaries are present in Cuba, including Labatt Breweries. [Citation required] Canadian companies in Cuba are largely invested in mining, energy, oil and gas, agri-food and the tourism industry. [23] Relations scientists and Cubans engaged in Canada`s presence on the island did not notice much difference between the Harper and Trudeau governments, although Trudeau paid a state visit to Cuba in November 2016, where he met with President Raul Castro and discussed trade, development assistance, food security, gender equality and climate change. . . .