UNIT 1 ASSIGNMENT

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Table of contents The expansion of Blue Line hockey Introduction/overview • Provide an overview of the selected country. - is a country located in central and western Europe. It has a population of approximately 83 million people - Trade represents 89% of Germany's GDP (World Bank 2021, up from 81% one year earlier), and the country is both the world's third-largest importer and exporter. - Germany's economy experienced a historic recession due to the COVID-19 pandemic but grew in the first three quarters of 2022, driven by private consumption German Economic Model: ● Relies heavily on a dense network of small and medium-sized enterprises (SMEs) ● 55% of total employed persons work in SMEs, with 18% in micro-enterprises, 21% in small, and 16% in medium-sized enterprises Foreign Trade ● Trade represents 89% of Germany's GDP in 2021, up from 81% the previous year. ● Germany is the world's third-largest importer and exporter, and the largest exporter of automobiles. ● Germany's trade balance is structurally positive, with a surplus on the trade of goods of EUR 172.5 billion in 2021. ● The European Commission has encouraged Germany to favour internal demand dynamics instead of exports since 2014. ● In 2021, Germany exported goods worth USD 1.370 billion and imported a total of USD 1.180 billion. ● Germany is generally a net importer of commercial services but exported slightly more than it imported in 2021. Politics
- The current government is a three-party coalition formed of the Social Democrats, Greens, and Free Democrats. - Major political parties include SPD, CDU, Greens, FDP, AfD, CSU, and Left Party. - The Chancellor holds executive power, while the President's role is largely ceremonial. - The parliament is bicameral, with the Bundestag as the lower house and the Bundesrat as the upper house. - Citizens enjoy considerable political rights in Germany. - International Support. Economic and political overview in Germany. (2023). Retrieved April 30, 2023, from https://international.groupecreditagricole.com/en/international-support/germ any/economic-overview - (Crédit Agricole Group, 2023) • Provide a map showing the country's location in the world relative to Canada.
• Give a description of Canada's business relationship with this country, how the relationship has developed over time, and what the business benefits are to Canada. Canada, G. A. (2023, April 24). Government of Canada. GAC. Retrieved April 30, 2023, from https://www.international.gc.ca/country-pays/germany-allemagne/relations.aspx?lang =eng - Canada and Germany have a strong and mutually beneficial business relationship. Germany is one of Canada's largest trading partners in Europe, and Canada is Germany's most important trading partner in North America. - Canada and Germany enjoy a close and friendly partnership, reflected in our active cooperation on the international stage as well as our healthy economic and investment relations. Canada and Germany are like-minded global partners with a shared commitment to bolstering multilateralism - Overall, the business relationship between Canada and Germany is characterized by close cooperation, mutual respect, and a shared commitment to innovation and sustainability - Germany is Canada's largest merchandise export market in the EU, and its fifth-largest trading partner globally, with two-way merchandise trade totaling $25.9 billion in 2021.(Government of Canada) - Approximately 10% of Canadians have partial German ancestry, and around 400,000 Canadians travel to Germany annually, while a similar number of Germans visit Canada each year. - Thousands of German students annually study at Canadian colleges, universities, and high schools, and many Canadian artists are part of German cultural life while German artists are active in Canada. - Germany is the largest economy in the EU and fourth largest in the world, making it a key economic partner for Canada. - Germany's and Canada business relationship with each other is a solid and profitable partnership. • Identify the major goods currently traded between this country and Canada (goods Canada exports to this country and goods Canada imports from this country). - https://www.international.gc.ca/country-pays/germany-allemagne/relations.aspx?lang =eng - Germany is Canada's largest merchandise export market in the EU, and its fifth-largest trading partner globally, with two-way merchandise trade totaling $25.9 billion in 2021. - Canadian exports to Germany were worth $6.9 billion in 2021 while Canada's imports from Germany were $19.0 billion. Sectors of interest include aerospace, advanced manufacturing, automotive, life sciences, information and communications technologies, and agri-food. Canada's top merchandise exports include precious
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