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Canadian-International Business Performance Analysis

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Submitted By andleeb
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Canadian-International Business Performance Analysis
Andleeb.Waizi(1110348)
University Canada West
Professor: Raghabendra Gosh Hajra
BUSI321
05/10/2014

Canadian-International Business Performance Analysis
Canada’s prosperity is engaged to economic opportunities beyond its borders. Therefore, Canadian government has worked well to reinforce and develop Canada’s trade relationship internationally to promote a business environment. This relationship will give Canada a competitive advantage in large and rapid growing economies by attracting overseas investment and diversifying the Canadian trade portfolio. In such efforts, the government has launched the most determined trade plan in Canadian history; only in just seven years, Canada has executed free trade agreements with nine countries and is in conciliation with thirty more. In addition, Canada has publicized a significant agreement-in-principle with the 28-nation European Union which will open the trade markets in the EU and Canada. Canada always values the strength of multilateral trading system and support trade liberalization and share membership in many multilateral economic organizations. These organisations include: the G-20, the Asia-Pacific Economic Cooperation (APEC) forum, the Organisation for Economic Co-operation and Development (OECD) and the World Trade Organization (WTO). The key drivers that foster the growth of world economies up to 52% over the last decade are: fallen barriers to trade, investment opportunities, rapid technological innovation, as well as globalization of products and markets.
Canada’s major industries are playing a vital part in the country’s economic prosperity by engaging with overseas business activities. For instance, agriculture, forestry, fishing and hunting sector’s exports grew-up by 8.8% in 2004-2013.
Moreover, energy products (oil, natural gas, etc.) are the

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