Canada Key Industries: Agri-Food
The agri-food industry is the largest manufacturing sector in Canada. It contributes more than $110 billion to Canada’s gross domestic product (GDP), employs 2.3 million people, exports almost $56 billion and imports $44.5 billion in products and is a leading contributor to global innovation and growth. One advantage that foreign investors with established operations in Canada can rely on is a world-leading agriculture production and agri-food export base.
- According to KPMG Competitive Alternatives 2016, food processing facilities based in Canada typically enjoy a 32.2% savings on total labor costs (including benefits) relative to their U.S.-based counterparts.
- Canada has an exceptional abundance of natural resources, including freshwater and diverse plant, animal and marine life, providing manufacturers with a consistent and steady supply of domestically sourced essential raw materials for the production of high-quality agri-food products.
- Canada’s internationally recognized regulatory and food inspection systems ensure world-class standards meaning that products are safe, nutritious and of the highest quality.
- Canada gives investors preferential market access through 14 trade agreements to 51 countries with nearly 1.5 billion consumers with a combined GDP of US$49.3 trillion, or more than half of global GDP.
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