Governments Role In International Business - Ajit, Huzzzzzzy
Governments play a crucial role in international business by implementing various measures to protect and promote their economies. They set tariffs to safeguard domestic employment and protect consumers from potentially dangerous imports.
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
