BU231 Lecture Notes - Lecture 22: Arbitration Clause, Countervailing Duties, Foreign Corporation
Document Summary
Canada is a major exporter of: natural resources, manufactured goods, chemicals, and telecommunications equipment. Law and international business: foreign trade: Standardized contractual terms adopted by icc: documentation requires. Currency of price and payment: financing. today collection arrangements and letters of credit are more common. Allow seller to receive payment from bank: countertrade. Government regulation of international trade: governments regulate foreign trade through: Canada: use of import and export controls. Certain products require a license for export. Armaments, cultural property, certain energy and agricultural products: use of import duties. Tariffs regulated by gatt and nafta: use of import restrictions. Non-tariff barriers (like specifications: dumping and export subsidies. Canada"s most important trading partner is: usa. Foreign investment and government regulation: foreign direct investment (fdi): investment in active business operations. E. g. , acquisition of a factory: may be through establishment of a: Joint venture: government regulation of fdi: business must comply with local law, law may provide both inducements and controls.
