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General
Introduction :
With
an area of more than 10 million square kilometers,
Canada is the second largest country in world,
comprising 10 provinces and 2 northern territories,
and occupies more than 10% of the earth's land
mass. It is bounded by the Atlantic, Pacific
and Arctic Oceans and shares a 6,000 kilometer
broader with the United States. Although large
in size, Canada has a relatively small population-27
million people-representing a fraction of one
percent of the world's population.
Toronto is the largest city (urban
area population 3.6 million), followed closely
by Montreal (population 3 million). Vancouver
is Canada's third largest city (population 1.5
million). Canada has two official languages,
English and French. English is the main language
of commerce throughout Canada. More than quarter
of the population is Francophone and most Francophone
live in the province of Quebec. Smaller Francophone
populations also exist in Ontario, New Brunswick
and Manitoba. Business operating in Quebec may
be required to use French for operations carried
on within the province.
Canada is both a constitutional monarchy and
a parliamentary democracy. The formal head of
state is the Queen of the British Commonwealth,
represented in Canada by the Governor General.
Legislative powers are shared between the Federal
Government in Ottawa and 10 provincial governments.
In addition, the federal government exercises
control over the territories, which make up
the largely unpopulated northern half of the
country.
Economy:
Canada is one of the major industrial
economies of the world. Once almost exclusively
natural-resource based, the country's economy
has become highly diversified with a modern
manufacturing sector.
The Canadian unit of currency is
the Dollar. There are no currency or exchange
controls whatsoever in Canada. The Bank of Canada
guides the exchange rate by intervening in the
free market to buy and sell Canadian dollars.
Foreign investment has historically
been very important to growth and development
of the Canadian economy. Most foreign investment
has traditionally come from the UK and USA,
although Germany, Japan and France are also
major sources of new foreign investment. Canada
has generally been receptive to such investment,
which is monitored by Investment Canada, an
agency of the Federal Government.
Importing Environment :
Although the population is
a modest 26.6 million, Canada high per capita,
gross domestic product (GDP), its impressive
record of economic growth through most of the
past decade and its openness to trade makes
it an appealing market for international exports.
According to data compiled by the International
Monetary Fund, with 4.3% of total world merchandise
imports in 1989, Canada ranked as the seventh
largest importer among the developed market
economies. Of the seven leading industrialized
countries, Canada ranked number one in the absolute
value of imports per capita in 1989. Though
the United States is the world's single largest
importer, its imports measured on a per capita
basis are less than half the Canadian level.
Canada is a major importer of finished
products. Some 66% of its total merchandise
imports in 1990 consisted of manufactured products.
All goods shipped to Canada from
developing countries are eligible for GPT treatment.
Canadian buyers are demanding and most products
sold in Canada tend to be of relatively high
quality. Attractive styling or packaging is
critical to selling most consumer goods. Often
the Canadian importer/distributor will attend
to or assist in this aspect of marketing one's
product.
The following organizations can offer
advice on Commercial information
HIGH COMMISSION OF INDIA
10,Springfied Road, Ottawa Ontario-KIM 1C9,Canada.
TEL : 00-1-613-7443751 TO 53
FAX: 00-1-613-7440913
TELEX:053-4172
E-MAIL:hicomind@ottawa.net
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