In 2007, Pennsylvania and Canada continued their strong relationship as bilateral trade flows surpassed $20.5 billion for the year. The state supplied its northern NAFTA partner with just over $8 billion in merchandise and purchased $12.5 billion worth. In fact, Pennsylvania exported 32% of its foreign-bound goods to Canada, a greater volume than to its next six international destinations — Mexico, Belgium, United Kingdom, China, Japan, and Germany — combined.
The metals sector dominated Pennsylvania–Canada exports and imports, generating $3.9 billion in sales. Pennsylvania sold $1.46 billion worth of metals to Canada, including steel plate, sheet and strip ($475 million). In return, the Keystone State bought $2.46 billion in Canadian metal products. Aluminium, ($506 million), and nickel ($420 million), were Pennsylvania’s main metals imports from Canada.
Bilateral trade of agricultural products between Canada and Pennsylvania reached $1.7 billion last year, an increase of 14% from 2006. The state sent cereals, sugars and live animals northbound and purchased cocoa, sugars and dairy produce.
The life sciences industry is one of the largest and fastest-growing segments of the U.S. economy. The sale of pharmaceutical products between the partners is significant. Bilateral trade in medicines accounted for $1.2 billion in 2007, with Pennsylvania buying $764 million worth of Canadian packaged medicines.
On September 11, 2007, the Consulate of Canada hosted a breakfast in honor of Claude Elliot, the mayor of Gander, province of Newfoundland and Labrador. The City of Philadelphia thanked the mayor and presented him a Liberty Bell as a sign of gratitude. Gander residents opened up their arms, homes and schools to the 6,600 passengers and crew members redirected to the Canadian island while U.S. airspace was shut down following the September 11th attacks.
Canadian company, Nicom IT Solutions of Halifax, Nova Scotia, and the Maritime Exchange of the Delaware River and Bay have signed a major contract to redevelop the port logistics system. The new system, called “Maritime On-Line” will consist of a number of software applications to capture and report on vessel movement, cargo manifests, Customs and Border requirements, and advanced arrival/departure schedules. The web-based electronic commerce system will be used by many organizations who form part of the Maritime Exchange. Canada’s Ambassador to the United States, the Honorable Michael Wilson, has said that the partnership between Nicom and the Maritime Exchange is yet “another example of how Canada and the United States are working together to better secure North America.”
In October 2007, US Steel finalized its acquisition of Hamilton, Ontario based Stelco Inc. for $1.2 billion. Renaming the facility US Steel Canada Inc., the inclusion of Stelco within the US Steel manufacturing organization expands the USS footprint for its North American flat-rolled operations with facilities on both sides of the Great Lakes to better respond to customer needs.
June 2008
