Question

canada or chile or colombia or israel or oman or korea or mexico or morocco or peru or panama he countries you have to choose one / please i need help

1. Describe the implication of tariffs in international trading used by your chosen country.

2. Discuss the concepts of ad valorem in relation to the said country.

3. Explain the concepts of international strategy employed the country you have chosen.

4. Discuss the importance of licensing in the country you have chosen.

5. Explain the disadvantages of joint venture as you read the information from the chosen country.

PART II.

1. How do you apply the administrative trade policies considering that the government of the country you have chosen is under the bureaucratic rules that designed to make difficult for importing of goods?

2. Dumping refers to selling goods in a foreign market below their costs of production, or selling goods in a foreign market below their "fair" market value. In other words, imported products are selling in the market lower price than the local products. In order to protect the local businesses of your chosen country, you have to develop a policy which is known as anti-dumping policy.

3. As provided in the business news that franchising gives an overseas expansion with a minimum investment and profits tied to their efforts. How do you apply advantages of franchising in the chosen country? (10marks)

4. How do you develop an expansion of business such as joint venture in the company you have chosen?

Answer 1

Country: Canada

1. Implications of tariffs in international trading used in Canada

The tariffs have minimum implications on business and trade in Canada. As the tariffs have less impact on pricing of goods and has been made sure that impacts are kept as low as possible.

2. Concepts of ad valorem

In Canada, ad valorem i.e. tax which is based on the amount of transaction or the property. It is seen from April 1, 2013 that the government eliminated the HST and got back PST and GST on all the taxable services.

3. International strategy employed by Canada.

The 4 main strategies employed by Canada in international business are being multidomestic, transnational, standardization and exporting.

4. Importance of licensing in Canada

It is very important to gain a license to operate a business in Canada. One has to obtain a general business license as per the required government regulations.

5. Disadvantages of joint ventures in Canada.

In Canada, Joint ventures bring in unlimited joint and partner liability towards the firm. And the one partner representing the firm is questioned by the government.

Part II

1. Applying administrative trade policies considering that Canada is under bureaucratic rules that make importing difficult. Countries impose such rules, regulations as administrative requirements to help sustain their industries and local companies. These can be either formal or informal. Formal ones are barriers in the form of rules and regulations in order to create severe difficulties to import and informal includes inspecting every product, high and deep evaluation of everything imported.

2. Canadian anti-dumping policy: this policy has the special tariff protection against dumping by the foreign countries which is unfair for the local businesses. The amount of these antidumping duties is same as the amount needed to offset the difference of value of product and exporting value. In Canada two separate legal proceedings happen under SIMA when dumping is found. The investigation is done by the president of the Canada border services agency and is held for the inquiry by Canadian international trade tribunal.

3. Advantages of franchising in Canada are as follows.

· Canada provides easy penetration of secondary and tertiary markets to the franchisee companies

· Staff leveraging is easy in Canada

· Franchisee can make good profits

· Legal interventions are very less.

4. Expanding joint ventures by the companies is done through entering foreign markets. Companies partner with the local business houses to enter foreign markets. Through this company can expand its distribution network and be a joint venture to provide goods and services by benefiting from an already established business expertise in that country. As some countries have strict laws to prevent for establishing the company there, but joint venturing with local business can provide a good way to enter foreign markets.