Innovations in areas ranging from customs filing to e-commerce processing allows ECU Worldwide Canada to steer ahead in a competitive market.
Over the past few weeks, Canada’s foreign trade plans have hogged the headlines. In January 2020, The US Senate approved a new trade deal, the United States-Canada-Mexico Agreement, replacing the older North Atlantic Free Trade Agreement (NAFTA) that will bind the three countries in a new foreign trade agreement for at least the next 16 years. US President Donald Trump is expected to shortly sign off on it too.
This deal will provide improved norms for everything from automobiles to agriculture and give a fillip to US-Canada trade, which is the second largest globally, after US and China. Over the last few years, the country’s foreign trade has been growing steadily.
Canada also has a free trade agreement with Europe—CETA or the Comprehensive Economic and Trade Agreement – which is a free-trade agreement between Canada, the European Union and its member states. This agreement has grown from strength to strength. The treaty has eliminated 98% of the dutiable tariffs between Canada and the EU.
Enhanced foreign trade capabilities
This has enhanced trade between Canada and the EU members and combined with other agreements with Chile, Peru, Columbia and Costa Rica plus Trans-Pacific partnerships such as South Korea and China, effectively allows the country to be a major global trading powerhouse.
ECU Worldwide Canada has witnessed the country’s foreign trade growth from close quarters, having started with the sole LCL tradelane between Montreal and Antwerp, and today managing 13 direct export lanes from both coasts combined. A USA gateway service adds another 70 direct destinations to the portfolio.
On the import side, ECU Worldwide Canada handles 20 direct services to multiple Canadian Forces Station (CFS) cities. An IPI vast set up allows easy movement of import and export freight across the country as per the chosen port of entry or exit. ECU Worldwide Canada has offices in the three prominent business hubs of Toronto, Vancouver and Montreal.
Canada’s top export items include mineral oils, vehicles, gems, wood and plastics and plastic articles. On the other hand, this nation of just a shade under 38 million inhabitants (despite being the second largest country by land mass), counts automobiles, computer gear, crude oil, plastics and gold as its key imports.