Canada-Pakistan Trade Expo ’09 – A Window of Opportunity

The current economic slowdown has once again highlighted the significance of globalization and diversification of trade for Canada. Though Canada’s economic indicators (sub-prime loans, real estate and job markets) were better positioned than the US, Canadian economy got badly bruised due to over dependence on a single market, the United States. (79% of the Canadian merchandise was exported to the USA in 2006). The government is encouraging diversification of international trade, however, much more needs to be done by both the government and the private sector to expedite the diversification process and reap economic benefits from moving into emerging markets.

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