AFM131 Lecture Notes - Canada–United States Automotive Products Agreement, Gulf Cooperation Council, Export Development Canada

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: Robert Sproule

Document Summary

Global expansion is important for major canadian companies growth: amongst 6. 8 billion potential customers; 195 countries ex. Scotiabank s e-trade canada from u. s. based parent e-trade. Financial coorporation: lija style inc. 80% company sales are exports. Global operations must be reviewed to ensure profit is being made. Auto industry hit hard due to: global trends, increasing gas prices, weakening demand for trucks and sport utility vehicles (suvs) Exporting: selling goods and services to another country. Importing: buying goods and services from another country. Others: sophisticated technology with few natural resources (i. e. japan and switzerland) Global trade: exchange of goods and services across national borders. Allows nation to product what it is most capable of producing. Free trade: movement of goods and services among nations without political or economic obstruction/trade barriers. Country should sell to other countries those products that it produces most effectively and efficiently.