Imports consist of goods or services purchased from residents of foreign countries by Canadian residents. For 1996 these totalled $331 billion, or $1.7 billion more than all receipts from EXPORTS. The 3 major import divisions were merchandise of $233 billion (70.3%), services of $48 billion (14.
The United Nations Conference on Trade and Development (UNCTAD) was established in 1964 as a permanent organ of the UN General Assembly to promote international trade, with an emphasis on speeding the economic development of developing nations.
The International Development Research Centre (IDRC) was established as a public corporation by Parliament in 1970 to support research designed to adapt science and technology to the specific needs of developing countries. The first chairman was Lester B. PEARSON.