Department Foreign Affairs Trade Retrieved â€Myassignmenthelp.Com

Question: Discuss About The Department Foreign Affairs Trade Retrieved? Answer Introducation Political scenario and condition of a country plays a crucial role in defining the risk a company might face while expanding their business in that country. The political scenario of the country is defined by analyzing its political stability, international relations, immigrant policy, its openness to FDI and others. Any problem in these factors proves to be difficult for the company while planning to penetrate in that region. Canada is well-developed country in relation to its industries, education, management and others (Canada country brief, 2017). However, it is necessary that the country has a good international and political condition in order to allow huge company intervention. Politically Canada is a stable economy, However it has strict laws for immigration in the country and immigrants find it difficult to find employment in Canada. However, it has the largest trade relation with other countries by exporting most of its good. It is an export oriented economy with very less import requirement. This makes it difficult for a new company to enter as most of the companies already operates within the Canadian economy. FDI is Canada is quiet less at 223 CAD Million compared to other countries as it stands in the 13th rank in FDI. This shows that the county is not much open to foreign companies to start their operation in Canada. Canada also has a very tight business laws that the company needs to abide by while operating in that country. This too makes it difficult for the company to extend its operations in Canada (Tradingeconomics, 2017). References Canada country brief. (2017).Department of Foreign Affairs and Trade. accounting 1 October 2017, from https://dfat.gov.au/geo/canada/Pages/canada-country-brief.aspx Tradingeconomics.com. (2017). Canada Foreign Direct Investment | 1981-2017 | Data | Chart | Calendar. Retrieved 1 October 2017, from https://tradingeconomics.com/canada/foreign-direct-investment