AFM131 Lecture Notes - Lecture 2: Gulf Cooperation Council, Contract Manufacturer, Absolute Advantage

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: David H A

Document Summary

Canada is a large exporing naion as our populaion is . 05% of the world"s populaion. Comparaive (producing more efecively and eiciently) versus absolute advantage (producing what someone else cannot produce or more eiciently than all other countries) See the list of condiions that might apply to imports into canada on page 71. See the categories of canada"s merchandise and service trade in figure 3. 3. Global trade is measured by: the balance of trade and the balance of payments. Historically canada has been extremely dependant on the u. s. as a trading partner. Canada has a number of priority markets for future development of trade in: south-east asia, Australia and new zealand, brazil, china, india, europe, gulf states among others. Concluding the canada european union economic and trade agreement. Advancing free trade negoiaions with japan and south korea. Negoiaing a free trade agreement with the trans-paciic partnership. Developing trade ies with gulf cooperaion council.