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Cultural trade is indisputably big business. In Canada, from 1996 to 2002, the value of cultural services trade exports to other countries increased by 81%, from $1.45 billion in 1996 to over $2.63 billion in 2002. However, our trade deficit in cultural goods widened from $1.2 billion in 2001 to $1.3 billion in 2002. In the United States in 2002, the film and sound recording industries alone accounted for $36.4 billion or .4% of the GDP.
But what do these numbers really mean? What are cultural goods and services? Why are countries like Canada seeking to ensure that cultural goods be treated differently from other goods and services in international trade while others do not?
Read on, and check back often for new material, as the Canadian Cultural Observatory brings Culture and Trade In Focus. The Canadian Cultural Observatory always welcomes suggestions for added content.
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