Trade, Transportation and Energy: Canada-US relations Colin Robertson NASCO Webinar July 16, 2016.
Post on 22-Dec-2015
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Why We Matter To The U.S.
• Canada is America's closest ally
• Canada is US biggest export market
• Estimated 8 million U.S. jobs depend on Canadian exports
• 1/3 of Canadian exports to U.S. contain U.S. 'content’
– 40% of trade is intra-firm
• Canada is biggest source of US imported energy
Just the Facts• Over 8 million U.S. jobs depend on trade and investment with
Canada• Canada is the top export destination for 38 states.• Canada is the U.S.'s largest customer, purchasing $233 billion
worth of goods in 2012. This is more than China, Japan and the U.K. combined.
• Canadian-owned companies in 17,000 locations across the U.S. employ more than 619,000 Americans.
• Canada is the United States’ largest and most secure supplier of energy: oil, natural gas, electricity and nuclear fuel.
• 400,000 people cross the Canada–U.S. border daily Source Canadian Embassy in Washington
BUT Asymmetrical
• Trade with the US represents almost 30% of Canadian GDP.
• Trade with Canada represents 3% of US GDP
• Canada is America's biggest export market, taking 20% of US exports; US takes almost 75% of Canada’s exports.
NAFTA at 20• Fourfold growth in
trilateral trade over the last 20 years that now exceeds a trillion dollars
• Next steps: Border, Trusted Traveller, Energy & Environment, Transportation
Crude Oil: Canada is the largest source of US oil imports, accounting for 38 pc in 2014
• U.S. became a net refined petroleum products exporter in 2011 for the first time since 1949, helped along in part by a sharp decrease in domestic consumption due to greater auto fleet mileage fuel efficiency and higher gasoline prices.
• Canada exports of crude oil to the U.S. has soared with oil sands production. Canada now provides more than 38pc of all U.S. crude oil imports, vs. as little as 11pc a decade ago
Natural Gas• The
2014 Annual Energy Outlook projects declines in U.S. oil and natural gas imports as a result of increasing domestic production from tight oil and shale plays
• The United States is also projected to become a net exporter of natural gas by 2018.
Getting our Oil and Gas to Tidewater
“Not one giant national park for the northern half of North America …” PM Harper Jan 16, 2012
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