Question

In: Economics

How can Canada broaden its export market globally?

How can Canada broaden its export market globally?

Solutions

Expert Solution

The reliance of Canada on the United States market is high and with uncertainty south of the border, it is important for Canada to diversify geographically. As smaller businesses are the lifeblood of the economy in Canada thus it should encourage them with an increase and expansion of the scope of financial instruments and export grants available to assist small and mid-market entrepreneurs. It will reduce the cost, time, and risk of exporting. Canada should focus it's export market globally where it can match the capacity and supply (export credit, industry capabilities, and project financing) with the demand (global investors, buyers, and global value chains. It should educate SMEs which result to global entrepreneurship and businesses for Foreign Service officers, ambassadors, and trade commissioners. They should have aggressive approach and more energetic for winning the best export deals the country and attracts a high value inward investment.


Related Solutions

Malaysia is one of the leading providers of Islamic banking products globally and its market share...
Malaysia is one of the leading providers of Islamic banking products globally and its market share is increasing each year. Islamic Banking products have been used by both Muslim and non-Muslim customers. Discuss briefly two similarities and three differences between Islamic and Conventional Banking. please answer with explanation within 1 hour     
Assume you are to export something to ethopia from Canada - what would that be and...
Assume you are to export something to ethopia from Canada - what would that be and why - please elaborate your answer.
d) Canada is a “small” country in the global market for strawberries since its production or...
d) Canada is a “small” country in the global market for strawberries since its production or consumption levels do not affect world price. The world price for strawberries is $10 per box. If trade is allowed, calculate producer surplus, consumer surplus and total surplus for strawberries in Canada? QD = 600 – 20P QS = -150 + 30P
How can organizations demonstrate more social responsibility and become more globally conscious?
How can organizations demonstrate more social responsibility and become more globally conscious?
How do organizations make decisions to pursue a global strategy? How can expanding globally become a...
How do organizations make decisions to pursue a global strategy? How can expanding globally become a threat to a multinational enterprises (MNEs) reputation? Explain with the help of a real-world example. What is meant by cultural distance? How does it affect a firm? Use a real-life example of a business affected by cultural difference. What are IKEA’s external and internal challenges? Which ones pose the greatest threat? Why? How would you address the challenges? What can IKEA do to continue...
What are the common features of export contracts? How are export contracts interpreted and enforced? How...
What are the common features of export contracts? How are export contracts interpreted and enforced? How do governments regulate international trade? How is international trade affected and promoted by the World Trade Organization (WTO) and the North American Free Trade Agreement (NAFTA)? What are the legal forms available to foreign investors? How do governments regulate foreign investment? In what ways does international law apply to investment? How are international business obligations enforced by the courts? What is the role of...
Explain how the Government of Canada finances its budget deficits.
Explain how the Government of Canada finances its budget deficits.
Justify how can a company's product line reflect on the statement "think globally, act locally"?
Justify how can a company's product line reflect on the statement "think globally, act locally"?
How does a sale of securities (open market operations) by the Bank of Canada affect the...
How does a sale of securities (open market operations) by the Bank of Canada affect the real GDP and price level? Use either three graphs or a flow chart to demonstrate this.
What are open market operations? Explain. How can the Federal Reserve use its open market operations...
What are open market operations? Explain. How can the Federal Reserve use its open market operations to expand or contract the nation’s money and credit supply? Describe the chain of command at the Federal Reserve that oversees its open market operations. Give a detailed account of how monetary policy works to impact interest rates, aggregate demand, and the macroeconomy.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT