Governments Role In International Business - Ajit, Huzzzzzzy

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What is the Government's Role In International Business (Ajit/Huzzzzzzzy)

Establish presence in foreign countries to help businesses operate there

TRADE OFFICES

lower costs by providing market intelligence and expertise

help Canadian businesses export products

GOVERNMENT REGULATIONS

Canadians need single online application to start business

Register with CRA ( Canada Revenue Agency)

Employer must follow established safety standards

Minimum Wage

Maintaining Membership in Trade Organizations and Negotiating Trade Agreements - be on good terms with other countries - economy can prosper within your country and others

Setting Tariffs - protect domestic employment - protect consumers (ex of not importing beef from USA b/c beef may be diseased

Establishing Import/Export Laws - setting specific rules/laws so imports and exports are maintained

TRADE MISSIONS

Meet with international businesses to gather cultural business info and make critical contact

Junior Team Canada (Canadian Youth)

Gather Market

Provides Canadian business people with an opportunity to meet potential customer, suppliers, or key contacts

Group (Team Canada) visits a particular country/region & focuses on a specific industry

Organized through DFAIT (Department of Foreign Affairs and International Trade)

Promote international business to other countries

GOVERNMENT EMBASSIES

Ex: Canadian Embassies located in USA, Mexico, Japan

Provides a full range of serivces

Located in the capital cities of countries

Provides Variety of consular services around the world for Canadian travelling, studying, living, or working abroad