MGMT 2130 Chapter Notes - Chapter 8: Dominican Republic–Central America Free Trade Agreement, Voluntary Export Restraints, Interoceanic Highway

• School: Mount Royal University
• Department: Management
• Course: MGMT 2130
• Professor: ( M G M T2130equivalentwith Athabasca University)- A D M N232

Document Summary

Buying and selling of goods and services by people from different countries. Corporations that own businesses in two or more countries. Occurs when a company builds a new business or buys an existing business in a foreign country. Canadian companies make their largest foreign direct investments in the us, the uk, netherlands, and australia. Broadcasting, aviation, liquor, sales, mining, oil and gas, and pharmaceuticals are only some of the industries in which canada restricts foreign ownership. Government-imposed regulations that increase the cost and restrict the number of imported goods. Use of trade barriers to protect local companies and their workers from foreign competition. Two general kinds of trade barriers: tariff and nontariff. Increase the prices of imported goods relative to imported goods. Five types of nontariff barriers (1) quotas (2) voluntary export restraints (3) government import standards (4) government subsidies (5) customs valuation/classification. Specific limit on the number or volume of imported products.