Canada and the United States have the closest and most wide-ranging relationship in the world. There is an astounding volume of bilateral trade between the two.
Valued at over $627 billion, it is the world’s largest trading relationship, supporting millions of jobs in both countries.
Canada is Nevada’s Largest Trading Partner
On January 1st 1994 the United States-Canada Free Trade Agreement (FTA) was superseded by the North American Free Trade Agreement (NAFTA) among the United States, Canada, and Mexico. It has resolved long-standing bilateral irritants and liberalized rules in areas that include investment, energy, agriculture, and government procurement.
150 companies come from Canada to Nevada to do Business in the Mining Sector*
- Barrick Gold of North America is the U.S. subsidiary of Barrick Gold of Canada, the largest gold producer in the world.
- Tuscarora Gas Transmission Company, owned by TransCanada, is the primary source of natural gas for northern Nevada.
- Nevada Geothermal Power Inc. based in Vancouver, BC has three geothermal projects in Nevada.
- Western Lithium USA Corporation (corporate office in Vancouver, BC) is developing its Nevada lithium deposit to support the new generation of hybrid/electric vehicles.
- Quebec-based Cirque du Soleil has become a major organization providing high-quality artistic entertainment to Las Vegas.
- In 2011 Air Canada Airline alone had 465,650 enplaned and deplaned passengers in Las Vegas, Nevada (per McCarran Airport statistics).
*Source: David Fransen, Consul General of Canada, Los Angeles
Foreign Export Markets
- 16% of foreign-bound goods are sold to Canada
- Merchandise Trade
- Nevada exports to Canada: $1.3 billion
- Nevada imports from Canada: $814 million
- Bilateral trade: $2.1 billion
- 60,300 jobs depend on trade with Canada
- 9,700 people are employed by Canadian-owned businesses
*Job numbers from trade (2010 data) and Canadian-owned businesses (2009 data) are from a 2012 study commissioned by the Government of Canada
Nevada Exports to Canada
Nevada exports $1.3 billion in goods to Canada. The largest percentage of goods are minerals and metals making up 41% of exports.
Nevada Imports from Canada
Nevada Imports $814 million in goods from Canada. The largest percentage of goods from Canada are equipment and machinery making up 20%.