WEBINAR – UK GEOPOLITICAL SCAN Hosted by Aline Le Blanc, Export Development Executive
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WEBINAR – UK GEOPOLITICAL SCAN
Hosted by Aline Le Blanc, Export Development Executive
ABOUT OPPORTUNITIES NB
Opportunities NB (ONB) is New Brunswick’s lead business development organization working with companies inside and outside the province to drive economic growth and job creation in New Brunswick.
A nimble, results-driven and client-centric organization, ONB is a Crown Corporation, strategically led by a private sector Board of Directors made up of business leaders from New Brunswick companies and academia.
ONB believes strongly in the future of New Brunswick and since its inception on April 1, 2015, has successfully been the catalyst for competitive and innovative economic growth and job creation for the benefit of New Brunswick today and for generations to come.
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Business Potential in the UK in Uncertain Times Emanuel Adam, Director of Policy & Trade, BritishAmerican Business & British-American Business Council
About British American Business BAB and BABC
About British American Business UK-Canada Trade
http://visual.ons.gov.uk/uk-trade-partners/
About British American Business A good relationship
Canada and the United Kingdom continue to have a profound, positive influence on each other. The two countries share a sovereign, and both have among the oldest continuous traditions of parliamentary democracy. - Political - Commercial - Defence - Academic
http://www.canadainternational.gc.ca/united_kingdom-royaume_uni/bilateral_relations_bilaterales/index.aspx?lang=eng
About British American Business UK Economy: GDP
https://www.ons.gov.uk/economy/grossdomesticproductgdp/timeseries/abmi/pn2
About British American Business UK Economy: Unemployment
https://www.ons.gov.uk/employmentandlabourmarket/peoplenotinwork/unemployment/timeseries/mgsx/lms
About British American Business UK Economy: Investment
Country FDI projects Jobs Safeguarded Jobs
Canada 90 1,740 8,948
https://www.gov.uk/government/publications/dit-inward-investment-results-for-the-tax-year-2015-to-2016/department-for-international-trade-inward-investment-results-2015-to-2016
Sources: http://www.census.gov/foreign-trade/balance/c5700.html; http://www.census.gov/foreign-trade/balance/c0003.html; http://ec.europa.eu/trade/policy/countries-and-regions/countries/china/
UK- US
Imports: £ 59.3 billion
Exports: £ 96.4 billion
EU - UK
Imports: £ 223,3 billion
Exports: £ 291,1 billion
Canada-UK
Imports: £ 7.6 billion
Exports: £ 7.3 billion
US- Canada
Exports: £ 232.7 billion
Imports: £ 280,3 billion
Global Economic Integration
Sources: http://www.census.gov/foreign-trade/balance/c5700.html; http://www.census.gov/foreign-trade/balance/c0003.html; http://ec.europa.eu/trade/policy/countries-and-regions/countries/china/
UK- US
Imports: £ 59.3 billion
Exports: £ 96.4 billion
EU - UK
Imports: £ 223,3 billion
Exports: £ 291,1 billion
Canada-UK
Imports: £ 7.6 billion
Exports: £ 7.3 billion
US- Canada
Exports: £ 232.7 billion
Imports: £ 280,3 billion
Trade Agreements
NAFTA CETA
Trade Agreements: CETA
CETA Comprehensive Economic and Trade Agreement
What is CETA?
TRADE IN GOODS Cut 98% of Tariffs between EU and
Canada
TRADE IN SERVICES Financial Services, Postal &
Courier, Telecommunications,
Transport
PROFESSIONAL SERVICES
Accountants, Architects, Engineers, Lawyers
PUBLIC
PROCUREMENT
Guaranteed access to Canada’s large
public procurement market
INVESTMENT
Encourages investment on
both sides, both EU and Canada
SMALL BUSINESSES Avoiding duplicate testing
requirements Avoid lengthy customs
procedures Avoid costly legal fees
INTELLECTUAL PROPERTIES
SUSTAINABLE DEVELOPMENT
Legally binding commitments to protecting the environment
and respectful labour rights *Holds European Standards
Industry EU exports to Canada each year
Machinery € 8.3 bn
Chemicals € 5.9 bn
Food & Drinks € 3.4 bn
Trade Agreements: CETA How does it help?
EU COMPANIES EXPORTING TO
CANADA
70,700 79% Number of EU companies Share of EU companies
exporting
exporting to Canada. Canada that are smaller firms.
EU JOBS LINKED TO CANADA
865,000 221,000 Number of EU jobs Number of EU
workers employed tied to EU by Canadian
companies in exports to Canada the
EU Canada European Commission, September 2017 ec.europa.eu/ceta @Trade_EU
Trade Agreements: CETA Current Implications
After seven years of negations, CETA is ratified.
Most comprehensive bilateral agreement Projected to boost Canadian exports by more than $8 billion a year into the 500 million Single Market Europe
About British American Business What does the future hold?
About British American Business Brexit
About British American Business UK and Future Trade Deals What will happen to trade deals UK is apart of?
About British American Business Contact
Aline Le Blanc Export Development Executive/ Chargée du développement des exportations Opportunities NB / Opportunités NB (c) 506 238-5784 www.ONBCanada.ca 250 King St/250, rue King Fredericton NB, E3B 9M9 Canada
Emanuel Adam Director of Policy & Trade BritishAmerican Business & British-American Business Council [email protected] +44 (0)20 7290 9885
Thank you
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