Massive massive trade alleviations - the fact that Canada could export to a economic zone of 340 Million people (realistically more as a lot of smaller economies are linked to the Euro, arouns 500 -700 Million depending on how strict your criteria are).
The direct GdP of that zone is roughly 16.4 Trillion USD, the third largest economic zone after the UD and China but with a much less centralized wealth distribution. (And 17.5 Trillion if you add the closely related economies.
Why is this important/good? Because then Canadian companies could do trade with long term commitments without having to factor in the risk of currency fluctuations.
Additioally the economy would be much less prone to foreign pressure on it’s currency.
For Canada this would be especially interesting:
They import large amounts of natural ressources, import industry goods but are also far enough away that some drawvacks like outsourcing to lower income areas are not as likely.
And from the EU perspective the additional “stable customer” and “stable supplier” would be golden.
Massive massive trade alleviations - the fact that Canada could export to a economic zone of 340 Million people (realistically more as a lot of smaller economies are linked to the Euro, arouns 500 -700 Million depending on how strict your criteria are).
The direct GdP of that zone is roughly 16.4 Trillion USD, the third largest economic zone after the UD and China but with a much less centralized wealth distribution. (And 17.5 Trillion if you add the closely related economies.
Why is this important/good? Because then Canadian companies could do trade with long term commitments without having to factor in the risk of currency fluctuations. Additioally the economy would be much less prone to foreign pressure on it’s currency.
For Canada this would be especially interesting: They import large amounts of natural ressources, import industry goods but are also far enough away that some drawvacks like outsourcing to lower income areas are not as likely.
And from the EU perspective the additional “stable customer” and “stable supplier” would be golden.