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Net Exports: Total Exports-Total Imports for a country.

Tomatoes grown in Leamington are shipped to United States for Sale.

Exports: items made in Canada and shipped to other countries to be sold.

Imports: good brought into a country from another country.

Therefore, Canada no longer has to pay tax on imports from the U.S.

Allows for trade between Canada, United States, and Mexico by eliminating or reducing tariffs.

 Mexico has become one of Canada’s top five trading.

 Goods made in Mexico and the United States now.

 Developed since signing NAFTA in 1994.

 Chinese-made products are inexpensive and well made, and popular with North.

 China has more recently become a trading partner.

 Canada began trading with Japan after World.

 United States became Canada’s largest trading.

 Canada supplied raw materials that were needed in.

 Invention of steam engine, cotton gin helped rapid.

 United States declared independence from Britain in late 1700s.

notably the Hudson’s Bay Company- founded in 1670.

establishment of colonies and outposts in Canada,.

 The success of this international business led to the.

Ojibwa and the Cree, for fur and food, then sent.

 Traded with First Nations people, especially the.

 Explorers from France and England landed in what is.

It is important to note that international trade takes place between businesses, not countries.

with a business in another country, that country becomes a trading partner with Canada.When a business in Canada develops a relationship.Import from businesses in another country Own a manufacturing plant in another country Own a retail or distribution outlet in another country The customers of a business who live in a different country than the one where the business operates.įive ways for a Business to be considered an International Business.The customers of a business who live in the country where the business operates.between businesses located in different countries.The economic system of transactions conducted. relies on Canadian products and services sells products and services to Canadians.

A domestic business in Canada is owned by Canadians.A business that makes most of its transactions within the borders of the country in which it is based.Transaction: an exchange of things of value.services to satisfy the wants and needs of.The manufacturing and/or sale of goods and/or.International BusinessIntroduction to Trade BBB4M Mr.