In the Economic Indicators section, data on GDP in PPP, GDP per capita in PPP, population and international merchandise exports and imports are defyed from the World Bank`s database of global development indicators as a percentage of GDP. Trade rankings for goods and services are based on Statistics Canada data. The “Ease of Doing Business” ranking is from the World Bank`s Doing business project. The Global Competitiveness Rankings are the result of the World Economic Forum`s Global Competitiveness Report. Trade balance: The trade balance is the difference between the value of exports and the value of imports. There is a trade surplus when the value of exports exceeds that of imports. There is a trade deficit when the value of imports exceeds that of exports. The parties agree that the current objective of economic cooperation, including trade, investment, financial, industrial and scientific and technological cooperation between companies, organizations, businesses and government agencies of both countries. Balance of payments data: Balance of payments data calculate trade flows from surveys of the international business and investment activities of companies and other companies.
During this decade, Canada has always had a trade deficit with Russia. The deficit peaked at $1.2 billion in 2005, then narrowed sharply to $289.4 million in 2007. VU the Joint Declaration on the Principles and Major Trends in Economic Cooperation between Canada and the Russian Federation, signed in Moscow on July 3, 1992; Relations between Canada and Russia deteriorated considerably following the crisis in Crimea in 2014. Canada strongly condemned Russia`s action, which led Canada to recall its Russian ambassador.  Cultural and economic relations between the two continued. Remarkable trade and investment agreements between Canada and Russia DETUX to develop, encourage and expand trade, financial, industrial and technological cooperation between the two countries, and learn more about Canada`s trade and investment agreements: types of contracts and gradual development of trade and investment agreements. OTHER URL: www.canadainternational.gc.ca/russia-russie/ CONSIDERANT that the Canada-Russian Trade Agreement, signed in Ottawa on June 19, 1992, and the Agreement on Mutual Investment Promotion and Protection, signed in Moscow on November 20, 1989, have been signed; Canada negotiates bilateral free trade agreements with the following countries and trading blocs: In an agreement to strengthen traditional friendships and friendly relations between the two countries, reflected in the Treaty of Concordat and Cooperation between Canada and the Russian Federation, signed in Ottawa on June 19, 1992; Trade in services: Trade in services is trade in travel, transport and government and commercial services. Travel services are goods and services purchased by travellers abroad, with one exception: cross-border transport. Transportation services are cross-border freight and passenger transport and related services. State services are largely the result of official representation and military activities, as well as certain commercial activities of the government.
Commercial services are all other services, such as management, financial or engineering services; The category also includes intellectual property charges. Canada has strongly supported the Minsk peace process and believes it is the only possible way to find a lasting and peaceful solution to the conflict in Ukraine. Canada continues to call on both sides, particularly Russia, to fully comply with their obligations and obligations under the Minsk agreements. Discover new ways to expand your international presence. Canada`s broad (and growing) commercial network provides Canadian businesses with preferential access to various markets around the world.