Statistics Canada’s latest data shows that Canadian exports to Belgium, which amounted to $181 million in June and to $172 million in July, were up substantially in August to $232 million. Canadian imports from Belgium on the other hand, amounting to $165 million in June and to $130 million in July, also increased to $213 million in August. As we can see, our bilateral trade is on the upswing and it will be interesting to see its evolution ahead. Continue reading
Christian Frayssignes, Vice-President, Belgian Canadian Business Chamber set the overall tone for the Business with Belgium seminar by reminding attendees that as a small, stable and geographically strategic marketplace, Belgium is an ideal entry point for Canadian exporters to expand into the European Union.
In her brief comments on how the EU functions, Nadiya Nychay, Partner, Dentons Europe LLP, explained that the European Union consists of 28 member countries, 19 of which share a common currency, the Euro and is home to 500 million consumers. Unlike NAFTA, the EU is a customs union with an integrated system of trade and business regulations. However, individual member states still have their own legislation regarding areas over which they hold domestic competency.
Regarding the topic of choosing a strategy for expanding into Europe, Xavier Van Overmeire, Regional Head of the International Trade Group, Dentons Canada LLP suggested three basic approaches — direct representation through distributors or agents, licensing technology or formal partnerships. Each brings with it various legal challenges, which can be further complicated by the European civil law regime, similar to the one used in Quebec. It is different from the English common-law tradition found in the rest of Canada. Continue reading
Statistics Canada’s latest data shows that Canadian exports to Belgium, which amounted to $312 million in January and went down to $147 million in February, were down again in March to $124 million. Canadian imports from Belgium on the other hand, amounting to $145 million in January and to $164 million in February, went up to $237 million in March. As we can see, our bilateral trade has its ups and downs and it will be interesting to follow its evolution in the coming months.
Overall Canadian exports fell 4.8% to $41 billion in March while imports declined 2.4% to $44.4 billion, widening Canada’s trade deficit with the world from $2.5 billion in February to a record $3.4 billion in March. Canadian exports decreased in 10 of 11 sections, with motor vehicles and parts (-6%), consumer goods (-4.6%) and metal and non-metallic mineral products (-5.4%) decreasing the most.
Canadian imports declined in 8 of 11 sections, the decreases led by consumer goods (-4.6%) and aircraft and other transportation equipment (-20.4%) but these were partially offset by higher imports of energy products (+13.5%).
Geographically, Canada’s exports to the United States fell 6.3% while imports were down 4.8%, narrowing the trade surplus with the U.S. from $2.1 billion in February to $1.5 billion in March, the lowest surplus since December 1993. Exports to other countries were down 0.2% while imports increased 2.2% and as a result, the Canadian trade deficit with countries other than the U.S. widened from $4.6 billion in February to $4.9 billion in March.
Detailed data on products/countries is available from Solimpex upon request.
© May 2016 All Rights Reserved by Christian Sivière, Solimpex Montréal Christian.firstname.lastname@example.org
Source: Statistics Canada
Statistics Canada’s latest data shows that Canadian exports to Belgium, which amounted to $207 million in February and increased to $281 million in March, decreased to $127 million in April. Canadian imports from Belgium on the other hand, amounting to $135 million in February and to $126 million in March, were back up to $132 million in April. As we can see, our bilateral trade fluctuates and it will be interesting to see its evolution in the coming months. Continue reading
Statistics Canada’s latest data shows that Canadian exports to Belgium, which amounted to $198 million in December and went down to $163 million in January, were down again to $96 million in February. Canadian imports from Belgium on the other hand, which came to $114 million in December and were down slightly in January to $110 million, went back up to $133 million in February. So as we can see from these figures, our bilateral trade fluctuates and it will be interesting to see how it will evolve in the coming months.
Overall, Canada’s imports declined 0.7% in February while exports were up 0.4%, compared to January, reducing the Canadian merchandise trade deficit with the world from $1.5 billion in January to $984 million in February. Continue reading
New brochures available in 8 languages:
“Belgium at a glance” is a digital brochure providing a light overview of what our country is all about. The brochure is richly illustrated with photos, making it highly accessible to anyone who wants to find out more about Belgium.
Join us at the Courtyard Marriott on February 5th at 6:30pm for the third edition of our very successful “Belgians in Business BIB” series. Our keynote speakers are:
– Dirk Baerts, Managing Director, Canada, Egencia (Expedia).
– Jan Craps, VP Sales Canada, AB InBev Labatt Continue reading
This guest post by Christian Sivière, President at Solutions Import Export Logistique, comes from a recent article he published on Canada’s international trade, zooming in on trade with Belgium. Reprinted with permission of the author.
Canada’s international merchandise trade, October 2012 Canada’s merchandise imports declined 1.2% while exports increased 1% in October, narrowing Canada’s trade deficit with the world narrowed from $1 billion in September to $169 million. Imports declined to $38.3 billion with volumes down 1.8%, as widespread decreases were recorded. Exports increased Continue reading
Available for a limited time, and in limited quantity, the LCBO will be getting some bottles of the ultra-rare Westvleteren 12 in time for the holidays.
The exact arrival date is a closely guarded secret, so keep checking the LCBO’s website for updates.