Friday, June 30, 2017

How do Bulgaria’s and Estonia’s culture, geography, laws, politics, social issues, and current trade affect Canadian businesses and consumer spending?

Bulgaria was a Soviet satellite state from 1946 to 1989; it is now a member of the European Union (despite concerns over its high incidence of corruption) and NATO. The country has been criticized by the EU for its lack of high-profile cases cracking down on corruption. Its climate has produced a great deal of biodiversity. According to the Canadian government (see the link below), Canada and Bulgaria have good bilateral trading and cultural relations. Both countries are members of the Organization for Security and Cooperation in Europe (OSCE), la Francophonie, and NATO allies. More than 30,000 Canadians who have Bulgarian origin live in Canada. In addition, in 2012, trade between the two countries totaled 369.3million.BulgarianshaveadevelopedminingindustrythatisinterestedinCanadiangasandoil,andCanadianshaveinvestedinBulgariantelecommunications,airportservices,andagriculture.Canadiansareparticularlyinterestedinexportingelectricalproducts,machineryandequipment,andchemicalsandplasticstoBulgaria.CanadaandEstoniaarebothNATOmembers.CanadadidnotrecognizeSovietcontrolofEstonia,oneoftheBalticstates,andCanadawasoneofthefirstnationstorecognizeEstoniaasanindependentcountryin1991(followingthecollapseoftheSovietUnion).CanadawasalsothefirstmemberofNATOtoacceptEstoniaintotheorganization,andCanadaishometothesecondlargestEstoniancommunityoutsideofEstonia(numbering24,000people).In2010,thetwonationssignedaYouthMobilityAgreementthatallowsmembersofonecountry(oftheages1835)toworkforashorttimeintheothercountry.In2012,Canadaexported22.9 million in goods to Estonia, including lumber, seafood, and machinery, and Canada imported $48.4 million in goods from Estonia, including telephone sets, chemical products, and fishing articles. Therefore, consumers and businesses spend money on Estonian imports. 
https://www.international.gc.ca/country-pays/latvia-lettonie/index.aspx?lang=eng

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