History of Canadian Trade Flashcards

1
Q

What makes Canada an attractive trading partner

A
  1. Can ship goods
  2. Close to water
  3. Natural resources
  4. Stable economy (has own currency)
  5. Educated workforce
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2
Q

Early Canadian trade

A
  • Over 3000 years ago
  • Each area had different goods and services to provide
  • China traded silk and tea for spices from India
  • As the Roman Empire grew, so did trade as they conquered many lands
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3
Q

World Trade Organization

A
  • WTO deals with the global rules of trade between nations
  • Its main function is to ensure that trade flows as smoothly, predictably and freely as possible
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