BU231 Chapter Notes - Chapter 30: Foreign Exchange Risk, Incoterms, Canadian Business
Document Summary
Canada ranks among the top 15 of the world"s trading nations. Canada"s strength was as an exporter of raw materials and minerals but canada has now become an important exporter of manufactured goods, chemicals, transport, and telecommunications equipment. Of the world"s major industrialized economies, canada ranks among the world"s top 10 countries as both an exporter and importer of investment capital. Foreign trade: the buying and selling of goods and services between parties from different countries. As a business"s foreign markets grew, a foreign presence was developed by appointing an agent in the other country or establishing a representative office there. Foreign investment: conducting operations in a foreign market: graduating from foreign trade to foreign investment. In an effort to open international markets for their businesses, governments often make bilateral agreements or multilateral agreements. Public international law: law involving relations between states. Non-governmental organizations: voluntary, non-profit associations of private entities working to influence policy.
