The United States And Canada

1803 Words Feb 29th, 2016 8 Pages
To the surprise of most people the biggest trade relationship in the world is not USA and China or USA and Saudi Arabia, but it is actually our unsuspecting neighbors to the North. Canada exports a whopping 73% of its goods to the United States and imports 53% of its goods from them. This relationship consisted of $347.8 Billion in imports and $312.4 Billion in exports in 2014. Crude oil is the biggest export in Canada accounting for 18% of total exports, with cars following close behind with 10%. As close as this relationship is there is some very key differences in the way that the United States and Canada treat businesses and regulate the economy. The US has always been business first, and following the idea that the market will choose …show more content…
Canada has much different import restrictions than the US, Restrictions in Canada are much more focused on preserving the economy and culture of Canada. Whereas restrictions in the US are more market and business focused. US trade and marketplace laws give much more power and influence to businesses and let them decide what is made and sold in the US. For example with chocolate, Hershey Chocolate Company has a large amount of influence on chocolate in the US keeping most Cadbury products out. Hershey’s bought Cadbury’s US operations in 1988 and license the recipes from Cadbury to create US versions of Cadbury’s original candies. So Hershey essentially puts an embargo on any Cadbury or foreign chocolate they don’t want sold in the US, and it is perfectly legal because of US trademark laws. This ban of Cadbury very accurately captures the culture of American big business and demonstrates the power that corporations have in the United States. On the other hand the Canadian government places bans and restrictions on things such as foreign TV programming, movies, music, and other forms of media. The government gets a much larger say in the market and what can and cannot be sold, there are much stronger laws in place to prevent monopolization and other forms of corporate market control.
If we look at Canadian Content regulations we can see more examples of how the Canadian government
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