Pistachio Export to Canada: Market Analysis, Trends & Agreements

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Added on  2023/06/15

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This report provides a market analysis of pistachio exports to Canada, focusing on trends over the past five years. It highlights Canada's trade agreements, which facilitate international business by reducing tariffs and trade barriers. The report outlines essential documentation requirements for importing goods into Canada, including business invoices, bills of lading, cargo management documents, and exporter statements. Concluding that Canada exported approximately 683.08 billion Canadian dollars worth of products and services in 2020, the report references various sources to support its findings on trade dynamics and regulations. Desklib offers a platform where students can find this and many other solved assignments.
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Past 5 years of overall
Pistachio Export to
Canada including graphs
and chart
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Contents
INTRODUCTION...........................................................................................................................................3
MAIN BODY.................................................................................................................................................3
Market analysis of Canada in context of pistachio..................................................................................3
CONCLUSION...............................................................................................................................................4
REFERENCES................................................................................................................................................5
APPENDIX....................................................................................................................................................6
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INTRODUCTION
In October 2021, Canada's exports climbed by 6.4 percent month over month to CAD 56.2
billion. It was the greatest number on history, owing to stronger sales of automotive parts (+30.8
percent), particularly passenger cars and light trucks (+44 percent), as well as fewer stoppages
due to semiconductor chip limitations than in the preceding period (Macana, 2019). Energy
commodities (+9.8%), especially crude oil (+11.6%) and coal (+62.8%), farm, fishery, and
transitional packaged foods (+5.6%), and agricultural, fishery, and intermediary packaged foods
(+5.6%) all saw gains in sales.
MAIN BODY
Market analysis of Canada in context of pistachio
Trade agreements: Recognizing the value of trade to the Canadian economy, previous
administrations have signed free trade agreements (FTAs) that allow businesses to expand into
new markets throughout the world. Specifically stated, trade deals ensure that enterprises
compete on an equal footing in foreign marketplaces. They reduce tariffs and other trade barriers,
restrictions, and non-tariff barriers, making markets more accessible to Canadian enterprises of
all sizes. They make circumstances for international firms more dependable, equitable, and
competitive (Ferysiuk and Wójciak, 2020).
Canada takes part in these accords and talks for one simple reason: it is in Canada's best
interests. A clear and coherent economic environment; secured and enhanced economic
opportunities for Canadian exports; security for Canadian investors overseas; access to more
options and competitive pricing for Canadian consumers; and higher productivity for the
Canadian economy are among the benefits.
Documents requirements: Whenever importing products into Canada, they must provide follow
four documentation with each shipment
A Business Invoice or a Customs Invoice from Canada: The Canada Customs Invoice (CCI) is a
customised invoice that includes additional data components than a regular commercial
invoicing, as per the Canada Border Services Agency. It is necessary for exports from the United
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States to Canada in the following cases: The business package is worth more than $2,500
Canadian dollars (Croote, Braslavsky and Quake, 2019).
Bill of Lading (Bill of Lading): A bill of lading (BL or BoL) is a legal statement that defines the
kind, amount, and location of commodities being transported by a carrier. Whenever the carrier
actually delivers to a prearranged location, the bill of lading also functions as a shipping receipt.
Cargo Management Documents or Manifest: A cargo manifest is a list of the items that make
up the cargo (freight) being transported. The cargo manifest contains information on the items,
such as transportation documentation symbols, suitable conditions, receivers, markings and
numerals, packaging number and type, and descriptors and amounts.
Exporter Statement of the Shipper: An export declaration, also known as a shipper’s customs
clearance (SED), is a legal document that identifies the items being shipped or imported. The
exporter usually completes it and submits it to the port operators at the time of delivery.
These documents are using by Canada for export products in other countries and follow all
the trade agreements in effective manner (Bodnaruc, Prud’homme and Giroux, 2020).
CONCLUSION
As per the above report it has been concluded that Canada will export products and services
valued around 683.08 billion Canadian dollars in 2020. In 2020, Canada's export volume fell,
achieving the same amount as in 2015. Exports of goods totaled 774.37 billion Canadian dollars
in 2019.
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REFERENCES
Books and Journal
Macana, R. J., 2019. Disinfestation of rusty grain beetle (Cryptolestes ferrungineus) in stored
wheat grain using 50-ohm radio frequency (RF) heating system (Doctoral dissertation,
University of Saskatchewan).
Ferysiuk, K. and Wójciak, K. M., 2020. Reduction of nitrite in meat products through the
application of various plant-based ingredients. Antioxidants. 9(8). p.711.
Croote, D., Braslavsky, I. and Quake, S. R., 2019. Addressing complex matrix interference
improves multiplex food allergen detection by targeted LC–MS/MS. Analytical
chemistry. 91(15). pp.9760-9769.
Bodnaruc, A. M., Prud’homme, D. and Giroux, I., 2020. Acute effects of an isocaloric
macronutrient-matched breakfast meal containing almonds on glycemic, hormonal, and
appetite responses in men with type 2 diabetes: a randomized crossover study. Applied
Physiology, Nutrition, and Metabolism. 45(5). pp.520-529.
Online
< https://www.statista.com/statistics/532731/pistachio-consumption-canada/ >
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APPENDIX
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