
The EU – the world’s largest market, not to mention home to the wealthiest pool of investment capital and some of the largest and most important companies on the planet – is already Canada’s second-largest source of trade and foreign direct investment. In 2008, Canadian exports to the EU totalled $52 billion. Imports amounted to $62 billion. But there appears to be plenty of room for growth. After all, the Canadian economy is 150% larger than the Indian economy, which has similar trade levels with the EU. Furthermore, Europe trades about 25% more with South Korea, which has a smaller GDP than Canada.
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