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Canada is the second largest market for California exports

Canada is a top market for California exports and tourism

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Canada Partners with California in Trade and Tourism

California Chamber of Commerce President Allan Zaremberg led a 50-member business delegation that accompanied Governor Arnold Schwarzenegger on his recent trade mission to Canada to promote California products, services and tourist destinations.

The three-day mission, in May included meetings with Ontario Premier Dalton McGuinty in Toronto and British Columbia Premier Gordon Campbell in Vancouver, as well as briefings by U.S. Ambassador David Wilkins and consular staff and business networking luncheons.

Canada is the second largest market for California exports, with a total value of $14.2 billion in 2006. Two-way trade with Canada supports an estimated 832,000 jobs in California, according to a study by the Bay Area Economic Forum (BAEF).

Part of the business delegation’s itinerary included a visit to EnWave Energy Company to see its system of using cold energy from Lake Ontario to cool buildings in downtown Toronto

According to the BAEF study on the economic importance of the Canada-California partnership — science and technology, agriculture, tourism and energy --

  • Canada is the top foreign buyer of California agricultural products;
  • ... supplies 23 percent of California’s natural gas and a third of its hydropower;
  • ... is one of California’s largest sources of tourists, sending more visitors to California than any country except Mexico;
  • ... attracted more than $760 million in investment from Silicon Valley venture capital firms between 2002 and 2006, with Canadian venture capital firms investing nearly $230 million in Silicon Valley during the same period.
With a population and economy larger than Canada, California is a major market for Canadian manufactured goods, energy, forest and agri-food products and a wide range of services.

Canada-California trade has grown steadily since the 1970s, accelerating with the enactment of the Canada-U.S. Free Trade Agreement in 1989 and the North American Free Trade Agreement in 1994.

CONTACT: California Chamber of Commerce
www.CalChamber.com 800 331-8877



Edited by Carolyn Allen, owner/editor of California Green Solutions
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