Question 1: Why do Canada and the US have the largest bilateral trade in the world?
The bilateral trade between Canada and the United States has been noted to have the largest trading volume, of about $600 billion per annum. Each of the two countries is the largest exporter and importer of the other; as per the 2012 statistics, Canada’s merchandise trade to the United consisted of about US$324.2 billion and US $ 292.4 billion as exports and imports respectively. The trade between the two nations is very important because it crosses all sectors and industries, and each of them regards the other as its largest trade partner. In fact, the trade across the Continue reading...