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Global Business Environment - Trade with Canada

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Details: The company you work for is expanding its business and would like to begin to trade with Canada

Go to 2008 National Trade Estimate Report on Foreign Trade Barriers for specific country information. The URL for this link is:
http://www.ustr.gov/Document_Library/Reports_Publications/2008/2008_NTE_Report/Section_Index.html?ht
What type of trade restrictions does this country use? Who will benefit from these restrictions? Who might lose?

Include in your dicussion:
Potential ethical and legal issues and develop solutions for those issues.
Explain the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.
ritically analyze and evaluate real-life economic problems and opportunities by applying economic concepts, principles, and theory.
Examine current global economic and political policies and their impact on business decisions.
Indicate which restrictions it employs.
It's well known that any regulatory structure will create gainers and losers. Another way of addressing the question about who benefits and who loses is to ask: Do they protect a specific industry ? Are those restrictions there for public safety or health concerns?

The response addresses the queries posted in 1066 words with 1 reference.

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The response addresses the queries posted in 1066 words with references.

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The response addresses the queries posted in 1066 words with references.

//As per the directions, we have chosen 'Canada' as the country for the analysis. In this paper, the various trade restrictions imposed on foreign firms to conduct their business in Canada are discussed. The benefits and problems faced by different industries due to these restrictions are also described in this paper.//

The country chosen for analysis is 'Canada'. The trade restrictions employed by Canada will be described below -

North American Free Trade Agreement (NAFTA)

The largest bilateral trade in the world happens between the United States and Canada. In 2006, the total exports and imports were more than $533.7 billion. Both, the United States and Canada, have benefited from the NAFTA. After NAFTA, the tariff and non-tariff barriers in goods trading are removed, access to service trading got better, rules regarding investment were constituted, the intellectual property rights protection got a boost, and a mechanism was developed, so that the disputes could be resolved in an effective manner (Canada, 2008).

Policies Regarding Imports

Management of Agricultural Supply

The poultry and dairy industries in Canada have production quotas and producer marketing boards to keep regulation on the supply and pricing. The U.S. producers are badly affected by these restrictions, as the exports cannot be increased more than the tariff-rate quota levels. Further, in 2007, Canada also altered concessions in the tariff schedule regarding milk protein products and also changed the compositional standards for cheese, which can be a significant technical barrier to trade for the U.S. producers (Canada, 2008).

Ministerial Exemptions

In Canada, there is a restriction on the import of fruits and vegetables in containers, which are ...

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Ashish Sharma, MBA (IP)
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  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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