Insights

Table of Contents 1. Introduction Over the past several decades, global trade has witnessed transformative shifts that have redefined the way nations interact economically and geopolitically. One of the most notable developments is China’s decision to remove tariffs on nearly all goods imported from African nations—a bold maneuver that goes well beyond a simple reduction…

Overview and Context The 2025 G7 summit is being held amid profound global shifts: rapid digital transformation, an ongoing post‐pandemic recovery, and renewed geopolitical tensions that have upended traditional supply chains. Set against the breathtaking backdrop of the Canadian Rockies near Kananaskis, Alberta, the summit represents more than just high-level diplomacy. It is an arena…

How the Israeli attack on Iran is affecting and could further affect international trade in the region. This detailed exploration covers multiple trade segments, with an extended focus on energy trade and an in‐depth look at historical precedents where conflicts have reshaped trade patterns. 1. Overview and Immediate Impacts The attack has set off a…

The Brexit deal that brings Gibraltar into the EU customs union and the Schengen area represents a major reconfiguration of a region long defined by its unique geopolitical position. Gibraltar—a British Overseas Territory nestled at the crossroads of Europe and Africa—has for decades juggled two different administrative systems amid a backdrop of complex historical, economic,…

In today’s interconnected global economy, the trade partnership between Canada and Brazil is built on complementary strengths. Canada’s advanced manufacturing, pharmaceutical innovation, and energy resource expertise combine with Brazil’s vast natural resources, robust agrifood sector, and emerging industrial capacity. This analysis provides detailed figures for trade segments on both sides, along with an in-depth look…

Canada–France Trade Relations: A Comprehensive Economic and Strategic Analysis Canada and France share a deep and multifaceted trade relationship, rooted in historical ties, cultural exchanges, and economic complementarities. France is Canada’s 10th-largest trading partner, with bilateral trade reaching €8.1 billion (US$8.7 billion) in 2024. The two nations collaborate across multiple sectors, including aerospace, pharmaceuticals, food…

Canada and Japan are two of the world’s most advanced economies, bound by shared democratic values, a commitment to multilateralism, and a long-standing history of diplomatic and economic cooperation. As founding members of the G7 and active participants in the Indo-Pacific, both countries are increasingly aligning their economic strategies to promote supply chain resilience, energy…

Canada and Italy share a strong and evolving trade relationship, built on historical ties, cultural exchanges, and economic complementarities. Italy is Canada’s second-largest trading partner in the European Union, with bilateral trade reaching US$15.8 billion in 2023. The two nations collaborate across multiple sectors, including automotive, aerospace, pharmaceuticals, food and beverage, and clean technology. With…

Canada and India are two democracies with shared values, complementary economies, and a long-standing history of people-to-people ties. As India continues its ascent as a global economic powerhouse and Canada seeks to diversify its trade beyond traditional partners like the U.S. and EU, the bilateral relationship is gaining strategic urgency. In FY2024, total merchandise trade…

Tariffs Between Canada and the UK Trade tariffs between Canada and the UK have evolved over time, influenced by economic policies, trade agreements, and global market conditions. The Canada-United Kingdom Trade Continuity Agreement (CUKTCA) has helped maintain preferential tariff rates since April 2021, ensuring that 98% of Canadian exports to the UK remain tariff-free. However,…