Doing Business in Canada
EENI - Business School.
Subject (Course): International Trade and Business in Canada. Toronto. Syllabus:
- Introduction to Canada (North America).
- Canadian Economy.
- Canadian competitive advantages
- Canadian International Trade
- Foreign Direct Investment (FDI) in Canada.
- Case Study - Canada’s industry sectors:
- Doing Business in Ontario - Toronto.
- Doing Business in Quebec.
- Introduction to French
- Case Study: Asia-Pacific gateway and corridor initiative.
- Access to the Canadian Market
- Business Plan for Canada
Objectives of the subject “Doing Business in Canada”:
- To analyse the Canadian economy and foreign trade
- To evaluate business opportunities in Canada
- To explore Canada's trade relations with the student's country
- To know Canada's Free Trade Agreements (FTAs)
- To examine the profile of Canadian Companies
- To develop a business plan for the Canadian Market
Sample of the subject - Doing Business in Canada:
Subject Description: Foreign Trade and Business in Canada:
- Canadian population is 35.7 millions of people
- Area: 9,984,670 square kilometres (the world's second-largest country, the first is Russia)
- Canada shares its border with the United States.
- The capital of Canada: Ottawa.
- City of business: Toronto.
- Canada has two official languages: English and French (Quebec
- Canada gained independence from Britain in 1867. Since then the Queen is the Head of State.
- The main religion in Canada is Christianity:
Catholicism (14 million) and Protestants (9
million, 29% of the population, Methodists)
- Canada belongs to the North American Economic Area of the Western Christian Civilisation
- Abolition of slavery in Canada: (1834)
- African Diaspora in Canada: 0.8 millions of people (2,7% of the Canadian population)
- Canada is the top-ranked nation in the OCDE for both the lowest number of procedures (2) and the shortest duration for termination (3 days) to incorporate a business (World Bank).
- Canada is one of the safest countries to invest
- Business of Canada “welfare Potential Index” ranks Canada first in the G-7
- Canada is the fifth-biggest aerospace producer in the World.
- Canada is the fourth-largest exporter of agricultural products in the World.
- Canada is the third largest exporter of automotive products
- Nine of the top ten chemical companies in the World have production facilities in Canada.
- Canada is one of the five world leaders in biotechnology
- Canada ranks number one in the Organisation for Economic
Cooperation and Development (OECD) in the context of higher education.
- Region of Ontario (Toronto) is the engine of the Canadian
economy (42% of exports of Canadian products)
- Economic recession in 2015 due to lower petrol prices.
- Canada's currency is the Canadian dollar (CAD)
Canadian International Trade.
- Canada is the largest trading partner of the United States (the United States generate more trade with Canada than with all the countries of the European Union)
- Canada's major trading partners are the United States, China, Mexico, Japan, and the European Union
- Quebec and Ontario are closer to New York, Boston, and Chicago than many industrial cities in the United States.
- The Asia-Pacific Gateway and Corridor Initiative is an
association of public resources and private sector to take advantage of Canada's strategic location at the crossroads between the North
American market and the emerging economies in Asia.
- Markets of the European Union provides business opportunities for
exporters and importers of Canada.
- Top exports to the European Union: chemicals, machinery, international transport equipment, computer electronics products and minerals.
- The European Union represents the second-largest trade and foreign direct investment partner of Canada.
- European Free Trade Association (EFTA) countries are also important economic partners for Canada. International Trade: $13.2 billion, including exports of $4.2 billion.
Canada's Free Trade Agreements (FTA):
Under the North American Free-Trade Agreement (NAFTA), Canada has direct access to North American
markets, including the United Mexican States and the United States (the largest trade partner of Canada).
- North American Free Trade Agreement (NAFTA)
- Asia-Pacific Economic Cooperation (APEC)
- Trans-Pacific Agreement (TPP)
- European Free Trade Association (EFTA)
- Association of South-East Asian Nations (ASEAN)
- Costa Rica
Canada is a member of:
- Inter-American Development Bank (IADB)
- Economic Commission for Latin America and the Caribbean (ECLAC)
- Canada has signed the OECD anti-corruption measures
Agreement Costa Rica-Canada: