Balance of payments data: Balance of payments data calculate trade flows from surveys of the international business and investment activities of companies and other companies. The data on trade in goods are based on tariffs; trade data on services and data on foreign direct investment are based on the balance of payments. The Swedish shipping company Atlantic Container Line regularly operates directly between the port of Gothenburg and Halifax in Canada. The transatlantic race lasts 12 days. The agreement with South Korea is an example of the impact that EU trade agreements can have on growth. In the five years since the signing of the agreement, EU exports to South Korea have increased by 55%. European car sales in South Korea have tripled. Canada-Sweden relations focus on Canada-Kingdom relations. As founding members of the Arctic Council, their relationship is close, positive and constructive. Both countries have strong commitments on peacekeeping, UN reform, development assistance, environmental protection, sustainable development and the promotion and protection of human rights.  In addition, there are more than 300,000 Canadians of Swedish descent.  Canada has an embassy in Stockholm and honorary consulates in Gothenburg and Malmo.
Sweden has an embassy in Ottawa and honorary consulates in Calgary, Edmonton, Fredericton, Halifax, Montreal, Quebec City, Regina, Toronto, Vancouver and Winnipeg. Simplified and less costly exports to Canada will be the main outcome of the free trade agreement signed at the end of October between the EU and Canada. In practical terms, the agreement means that 98% of tariffs on goods will disappear. Trade balance: The trade balance is the difference between the value of exports and the value of imports. There is a trade surplus when the value of exports exceeds that of imports. There is a trade deficit when the value of imports exceeds that of exports. Sweden was the first European country to join the International Model Forest Network in 2004. Sweden`s active adherence to two model forests in Sweden has broadened relations between Canada`s indigenous peoples and Sweden`s seed populations. Canada and Sweden have concluded a series of bilateral agreements, including the International Experience Canada program, which allows young Canadians to live and work in Sweden for a period of time.
Regular direct traffic between the port of Gothenburg and Canada One-tenth of all exports from the port of Gothenburg are destined for North America, a proportion that could now increase. It will also make it easier for Swedish and European companies to participate in public procurement in Canada. The European Commission estimates that trade between the EU and Canada will increase by 20% when the agreement enters into force provisionally at the end of the year. Trade in goods: Trade in goods refers to trade in physical goods such as cars, wheat and iron ore.