Introduction
Trade is one of the key elements of business it is arguable the most important element of business and it has been the backbone of a lot businesses for decades. However this is not to say it is the only thing that goes into making a business success, when going into business especially with another company that is located in a different country there are a lot of factors that goes into making the partnership success. One has to pay attention to factors that may hinder or even contribute to the success of a trade partnership, those factors are politics, technology, society and the economy of the country one is considering going into a trade partnership with. For the purpose of this assignment we have collectively agreed that there …show more content…
The reason behind the decision of choosing Canada and u.s.a is that Canada is one top automobile exporter in the world with a strong history. Additionally USA is the largest and the most important market for Canada with a relationship and history between 2 countries. A large some of the vehicles assembled in Canada are exported to US also Canada import a huge amount of automobile components from US. This assignment will be analyzing the market for both countries as well as to elaborate on some of the difficulties that Canada may face when they are looking into branching out into the U.s.a automobile industry.
Conclusion
The Canadian automobile industry has faced some of their biggest challenges like the rest of the world when the economic crisis hit in 2008, however they have managed to pull through from it. Additionally they are now faced with new challenges in general as a market but even more so if they are looking into going into business with America however that is a challenge they can overcome. Although Mexico is proving to be somewhat of a challenge to the Canadian automobile industry Canada has managed to still be America’s biggest alliance providing them with automobile proving yet again that Canada
Trade is one of the key elements of business it is arguable the most important element of business and it has been the backbone of a lot businesses for decades. However this is not to say it is the only thing that goes into making a business success, when going into business especially with another company that is located in a different country there are a lot of factors that goes into making the partnership success. One has to pay attention to factors that may hinder or even contribute to the success of a trade partnership, those factors are politics, technology, society and the economy of the country one is considering going into a trade partnership with. For the purpose of this assignment we have collectively agreed that there …show more content…
The reason behind the decision of choosing Canada and u.s.a is that Canada is one top automobile exporter in the world with a strong history. Additionally USA is the largest and the most important market for Canada with a relationship and history between 2 countries. A large some of the vehicles assembled in Canada are exported to US also Canada import a huge amount of automobile components from US. This assignment will be analyzing the market for both countries as well as to elaborate on some of the difficulties that Canada may face when they are looking into branching out into the U.s.a automobile industry.
Conclusion
The Canadian automobile industry has faced some of their biggest challenges like the rest of the world when the economic crisis hit in 2008, however they have managed to pull through from it. Additionally they are now faced with new challenges in general as a market but even more so if they are looking into going into business with America however that is a challenge they can overcome. Although Mexico is proving to be somewhat of a challenge to the Canadian automobile industry Canada has managed to still be America’s biggest alliance providing them with automobile proving yet again that Canada