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Create AccountWholesalers (also called distributors) buy goods for resale to retailers (see RETAIL TRADE), industrial, commercial, governmental, institutional and professional users or to other wholesalers. They also act as agents in connection with such sales.
He has been dubbed the Accidental President - a shy, uncharismatic technocrat who won the highest office in Mexico almost by default after the assassination of the chosen candidate. And ever since he was sworn in on Dec.
A free trade area as defined by the General Agreement on Tariffs and Trade (GATT) is "a group of two or more customs territories in which duties and other restrictive regulations of commerce... are eliminated on substantially all the trade between the constituent territories in products originating in such territories."
Agricultural aid is the provision of agricultural products or technology by one nation to another, normally by developed to developing countries. Aid will continue to be required because in many developing countries 4 out of 10 persons are malnourished.
The World Trade Organization (WTO) is the only international organization that regulates global trade. It is based in Geneva, Switzerland. Canada is one of its 164 members. The country plays a central role in the WTO and was also a key member of the General Agreement on Tariffs and Trade that preceded it. In addition to helping craft the WTO’s dispute resolution systems, Canada is among those countries most directly involved in its trade dispute cases.
The Canadian Free Trade Agreement (CFTA) is an inter-governmental trade agreement regulating trade within Canada. It took effect on 1 July 2017. The goal of the agreement was to reduce or eliminate regulations against the free movement of goods, services, and investments within Canada. The officials who framed the new deal said they wanted to ensure that Canadian firms got the same access to the Canadian market as firms from the country’s international trading partners. CFTA also more closely matches the terms of the Canada-European Union Comprehensive Economic Trade Agreement (CETA), which began taking effect in 2017.
An Agricultural Marketing Board is a statutory body which acts as a compulsory marketing agent, performing or controlling one or more of the functions of marketing on behalf of producers of specific agricultural commodities.
Global Affairs Canada (GAC) was originally founded as the Department of External Affairs in 1909 by Prime Minister Sir Wilfrid Laurier. The operations, mandate and title
of the department have evolved over the years. Although legally incorporated as the Department of Foreign Affairs, Trade and Development, its public designation since 2015 has been Global Affairs Canada. The department is responsible for overseeing
Canada’s international engagement, including diplomatic relations, providing consular services, promoting international trade and international law, and leading Canada’s international development and humanitarian assistance.
Capitalism is an economic system in which private owners control a country’s trade and business sector for their personal profit. It contrasts with communism, in which property effectively belongs to the state (see also Marxism). Canada has a “mixed” economy, positioned between these extremes. The three levels of government decide how to allocate much of the country’s wealth through taxing and spending.
This article was originally published in Maclean’s magazine on September 30, 1996. Partner content is not updated.
So the meeting could have gone better. There was Mark Campbell, president of his own printing company, presenting to Kraft Canada Inc., executive level, in suburban Toronto. Initially, the meeting played exactly as Campbell had hoped.This article was originally published in Maclean’s magazine on July 5, 1999. Partner content is not updated.
There was a time when it was one of those textbook facts drummed into the heads of schoolchildren, never to slip the mind: Canada and the United States share the longest undefended border in the world.This article was originally published in Maclean’s magazine on January 15, 1996. Partner content is not updated.
The discussion, says Berukoff, was not exclusively about business. But it is Berukoff's business in Cuba that makes him so intriguing.International economics consists of two main parts. The first is international trade theory and commercial policy. The second is international finance and balance of payments theory and policy.
While Canada's dollar crisis reached a boiling point last week, Mexican Foreign Minister José Angel Gurria was in Canada for emergency meetings with bankers and senior federal ministers in an effort to shore up confidence in his country's own floundering currency.
Aquaculture is the human-controlled cultivation and harvest of freshwater and marine plants and animals. Synonyms include fish farming, fish culture, mariculture, fish breeding and ocean ranching.
Economic relations between Canada and the US are of paramount importance to Canada.
The United Nations Conference on Trade and Development (UNCTAD) was established in 1964 as a permanent organ of the UN General Assembly to promote international trade, with an emphasis on speeding the economic development of developing nations.
Supply management is a system designed to control the supply — and thereby stabilize the price — of Canadian dairy, chicken, turkey and egg products (see Poultry Farming). It began in 1972 as a response to a series of crises that farmers faced due to decreasing prices for these products.
The North American Free Trade Agreement (NAFTA) was an economic free trade agreement between Canada, the United States and Mexico. Designed to eliminate all trade and investment barriers between the three countries, the free trade agreement came into force on 1 January 1994. In addition to being one of the most ambitious trade agreements in history, NAFTA also created the world’s largest free trade area. It brought together two wealthy, developed countries (Canada and the United States) with a less developed state (Mexico). The agreement built on the earlier Canada-US Free Trade Agreement (CUSFTA), which came into effect on 1 January 1989. After NAFTA was signed, trade and investment relations between the three countries expanded rapidly, but political co-operation remained weak. NAFTA continued to be controversial, particularly in the United States. In 2017, US president Donald Trump threatened to renegotiate or cancel the deal. More than a year of negotiations produced a revised version of NAFTA called the Canada-United States-Mexico Agreement (CUSMA). CUSMA came into effect on 1 July 2020.
In commerce, commodities are interchangeable goods or services. Many natural resources in Canada are viewed as commodities. They are a major source of the country’s wealth. Examples of commodities include a barrel of crude oil, an ounce of gold, or a contract to clear snow during the winter. Commodity products often supply the production of other goods or services. Many are widely traded in futures exchanges (see Commodity Trading).
