In 2015, total trade between Canada and Ireland was 2.2 billion Canadian dollars.  Canada`s major exports to Ireland include: chemicals, vehicles and equipment, machinery, mechanical and electronic products. Ireland`s main exports to Canada include chemicals, special instruments, food products and animal products.  In October 2016, Canada and the European Union (including Ireland) signed a free trade agreement known as the “Comprehensive Economic and Trade Agreement.”  Other URLs: www.canadainternational.gc.ca/ireland-irlande/ Freight trade data are based on tariffs; trade data on services and data on foreign direct investment are balance-of-payments data. Services Trade Deficit in 2016: Canadian Prime Minister Justin Trudeau, mainly due to trade in commercial services: in October 2016, The Seanad voted in favour of the provisional implementation of CETA negotiated between the EU and Canada. Photo: Frederick Florin/AFP CETA has been modified to replace an ISDS system that would resolve disputes between foreign companies and EU member states by replacing an arbitration procedure with an Investor Court System. The Association of German Judges condemned the proposed new court on the grounds that it fell within minimum standards for judicial systems in democratic societies and that the EU did not have the legal power to impose it on Member States. The European Association of Judges has followed suit. The largest trade surplus in 2017: transportation equipment is the main import and export categories between the two trading partners, with $54.6 million worth of chemicals, including pharmaceuticals. This is not surprising, given that Ireland has been the net exporter of medicines in the world since 2009 and that nine of the country`s ten largest pharmaceutical companies have significant activities. In 2015, Irish exports to Canada reached CAD 1.7 billion.
70% of exports include medicines, 10% whiskey, 7% medical devices and the rest a mixture of goods. Canada-Ireland Trade and Investment Agreement: In October 2016, The Seanad already voted in favour of the provisional implementation of CETA negotiated between the EU and Canada. On this occasion, Fine Gael`s position in favour of CETA was rejected by The Seanad because Fianna Féil abstained. Bilateral merchandise trade between Ireland and Canada continues to grow, reaching CAD 2.2 billion in 2015. However, the balance remains important in Ireland`s favour, as shown in the Canada-Ireland trade table below. Largest trade deficit in 2017: other industrial products with $1.3 billion. Democracies renounce the right to make sovereign decisions that concern the interests of multinational investors in corporate policy are deeply questionable, whether through arbitration procedures, as proposed in the EU-US TTIP agreement, which is now broken, or through an investor short system (ICS). Why should multinationals enjoy parity with sovereign states, especially when they claim the right to exist at sea for tax purposes? Common values and working practices, coupled with a series of bilateral agreements in areas such as research and development, make Irish and Canadian companies natural partners. The recently signed Comprehensive Economic and Trade Agreement (CETA) between the European Union and Canada has the potential to further open access to these markets and facilitate the free movement of workers between the two coasts. 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