Canada and Texas continued to develop their trade relationship as bilateral trade increased 20% from 2006, surpassing $27 billion. The state exported over $12 billion in merchandise to its northern neighbor. In return, Canada supplied the state with over $15 billion in goods, an increase of 32% from the previous year. Canada was Texas’ second largest trading partner (after Mexico), receiving 10% of the state’s foreign-bound shipments.
Two-way trade in chemicals and chemical products grew to $5.6 billion in 2007. Texas shipped $3.5 billion in chemical products to Canada, led by $1.5 billion in unshaped plastics and $1 billion in organic chemicals. The state also looked northward for chemicals, purchasing $2.1 billion worth from Canada; mainly $1 billion in organic chemicals.
The transportation industry represented the state’s largest import sector in 2007, with purchases totaling $3.5 billion. Canada shipped aircraft ($1.9 billion) and aircraft engines and parts ($249 million) to Texas. In return, Texas supplied its partner with $1.6 billion worth of transportation goods. The state increased its truck sales to Canada by 23% from the previous year to $531 million.
Texas is a center for digital media, with companies developing hardware, software, motion capture technology, animation studios, and gaming platforms. The Canadian Consulate offices in Houston and Dallas hosted the Canada–Texas Interactive Partnering Forum, aimed at Canadian digital media companies looking to do business with Texas.
The World’s Best Technologies Showcase was held in Arlington, TX on March 26–27, 2008. Of the 74 technologies picked for presentation, 13 were from Canada. Canadian universities had four successful entries. The selected teams were from McGill University, University of Toronto, McMaster University, British Columbia Institute of Technology, and the Univalor LP Consortium from Quebec. This is also Univalor’s third year in this competition. From the group of Canadian participating start-up firms, teams were selected from Life Wire Corp, Liquid Fiber Displays, Atreo Medical, Optego Corp, and BCC Corp of Winnipeg, a spin out from the NRC Lab there. Two of the teams and three of the presenters come form the Top Ten Science Companies in Canada selected in 2007/2008 by OCRI and Borden Ladner Gervais LLP.
AdvancedIO Systems Inc., a Vancouver based leading provider of configurable 10 Gigabit Ethernet (10GbE) connectivity and packet processing solutions for real-time embedded systems, received an order for over $500,000 from Lockheed Martin Corporation. AdvancedIO’s V1020 udpXG™ technology will be used by Lockheed Martin for testing avionics systems for the F-35 Joint Strike Fighter.
June 2008
