The Enhanced EU-Canada Economic Partnership: Challenges and Opportunities for SMEs A Project Of The Italian Chamber of Commerce in Canada - West

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About the EU & Canada Partnership

European Commission

This project is partially financed by the European Commission and the Italian Chamber of Commerce in Canada – West gratefully acknowledges its support.

A History of Economic Cooperation

Canada and the EU have a long history of economic cooperation. Composed of 27 Member States with a total population of over 500 million and a GDP of nearly $16.8 trillion in 2010, the EU is the world’s largest single common market, foreign investor and trader. As an integrated block, the EU represents Canada's second largest trading partner in goods and services. In 2010, Canadian goods and services exports to the EU totalled $49.1 billion, and imports from the EU amounted to $55.2 billion.