CANADA: Beer trade surplus with US on rise
Canada's trade surplus in beer with the US has expanded significantly in recent years, the latest available figures, released by Statistics Canada, have indicated.
In 2003, Canada's trade surplus in beer with the US stood at C$265m (US$228m), C$43m higher than in 1999.
Federal government agency Statistics Canada said the increase in Canadian beer exports have far exceeded the slight rise in American beer imported to Canada, resulting in the beer trade surplus. Canada's annual beer exports to the US have risen significantly following the implementation of the 1989 Canada-US Free Trade Agreement.
Sectors: Beer & cider
- Analysis - SABMiller to add bolt-ons in Africa?
- A-B InBev's Move on Tennent's Super Makes Sense
- Brand Diversification Driving Craft Brewery Growth
- Analysis - Stock Spirits: Poland's number one
- What's on the M&A cards for San Miguel Brewery?
- Pernod Ricard's Café de Paris Pear, Pomegranate
- PepsiCo CEO sees "profound" change in US consumers
- William Grant sinks GBP185,000 into "No" camp
- William Grant & Sons boosts Travel Retail team
- Diageo scraps Arthur's Day, but singer left sad