Canadian Government Role in International Business by Mohamed Bahgat

Government Regulations

Governments set rules/regulations that affect businesses

Ex. Minimum Wage, limited working hours due to school, etc

Employers/Businesses must follow these rules/regulations

Trade Offices

Governments establish a trade offices in other countries to help there business operate in those countries

Canada has trade offices in 150 cities worldwide

they help canada import/export/invest

Ways government affects international trade and business

Establishing import and export laws

Setting tarrifs

Maintaining membership in trade organizations and negotiating trade agreements

Establishing immigration laws

Determining monetary policy, including currency exchange rates

Determining fiscal policy, including currency exchange

Signing tax treaties with foreign governments

Education

Military Systems

Establishing environmental policies

Building infrastructure, such as roads and sewer systems

Ordering embargoes

Government Embassies, High Commissions, and Consulates

In order to start a business, you need proper paperwork.

Must register with CRA (Canadian Revenue Agency) and will receive:

a gst/hst number

A registration number

A corporate income tax account

An import/export account

Payroll deduction information

very easy to start a business in canada

Embassies

located in capital cities of international countries and provide full range of serviecs

High commissions

provide the same services as embassies, but are located in Commonwealth countries (Australia, Great Britain)

Permanent missions

These offices are located in major international organizations such as the UN, the WTO, and the EU.

Consulates general

These are located in major cities that are not capitals. There are offices in cities such as LA and SAO PAULO, Brazil

Consulates

These are located in major cities, but do not always provide a full range of services. For example, there are consulates in Munich, Germany, and Chongqing, china

trade missions

-government promotes international business through trade missions

Trade missions are organized through the department of Foreign Affairs and International Trade

Representatives of Canadian businesses accompany the prime minister, the Minister of International Trade and/or senior officials with DFAIT

The Canadian group visits particular countries/regions and focuses on a specific industry.

In addition Team Canada, there is also Junior Team Canada.

Theses Canadian youth meet with international businesses, gather cultural and business information, and make critical contracts.

the ream promotes Canadian culture/businesses in an effort to develop Canadian Identity aka brand Canada

The ream creates a video and series of reports at the completion of each trip

in august 2009, junior team Canada visited Ecuador and Panama on a mission that focused on agriculture, rural development, enhancing youth leadership, and social responsibility