| 2008 | Percentage change since 2007 | |
|---|---|---|
| Population | 21.4 million | 1.7% |
| GDP | $1.1 trillion | 2.1% |
| Canadian Merchandise Exports | $2.1 billion | 22.8% |
| Canadian Services Exports | N/A | N/A |
| Canadian Merchandise Imports | $1.7 billion | -7.3% |
| Canadian Services Imports | N/A | N/A |
| CDIA | $7.1 billion | 1.4% |
| FDI | $4.1 billion | 2.2% |
All GDP figures in the tables are quoted at current prices, whereas annual percentage changes of GDP are calculated at constant prices
Australia
Overview
Although much of Canada’s trade with Australia is currently geared toward large companies in traditional sectors (e.g. mining, transportation and forestry), huge opportunities await Canadian businesses (particularly small and medium-sized enterprises) in high-growth, knowledge-based sectors. Canada’s Global Commerce Strategy has highlighted agri-food and beverages, environmental industries, health industries, information and communications technologies, and services industries for their growth potential in the Tasman region.
To search for specific trade and investment barriers to this market, please use our CIMAR Database on Foreign Commercial Barriers.
Market Access Plans and Priorities
- Canada defended and resolved two significant pork market access issues that put Canada’s $115.8 million in pork exports at risk.
- Canadian officials helped a Canadian honeybee feed supplier navigate the Australian import permit process.
- Canada facilitated the necessary certification by Australian quarantine officials for finfish imported into Australia for use as bait.
- Australia eliminated a discriminatory requirement for carbodox testing of Canadian pork imported into Australia.
Market Access Plans and Priorities
- Policy coordination will align with Canada’s priority sectors and continue to prominently feature these priorities in a variety of forums including the WTO, APEC and the Asia-Pacific Partnership on Clean Development and Climate (with special attention to issues such as climate change). Canada will continue its advocacy of corporate social responsibility in support of Canadian investment interests abroad, particularly in the mining, oil and gas, and information and communications technologies sectors.
