Research Canadian (or provincial) legal principles that would apply to the produ

Question

Research Canadian (or provincial) legal principles that would apply to the product you are buying or selling. Research the country your company will be located and explain the legal differences when doing business with that country and Canada. Are there any specific international/domestic laws, treaties or agreements that will need to be considered? Based on your research – would you choose the Canadian market or the market of the country you will be negotiating with? Provide references for your research. *** Keep in mind (your research should include): Did you find relevant Canadian legal issues based on the countries involved? Did you find relevant international legal issues based on the country you are located? How might those legal issues impact how you negotiate? Did you include your references?

Explanation / Answer

* Major Business Reforms & FDI in canada-

Canada economy was conservative few years ago but due to replacement of conservative government by the liberal one in late 2015 has resulted into major economic reforms, legislative developments as belows

Being a small economy as compared to neighboring countries like United States of America , it is primarily a major exporter and over 50% of the FDI comes from the United States of America only.

* Comparison with Indian counterpart in terms of ease of doing business & varous legal requirements.

India made business easier by eliminating minimum capital requirements which in turn is applicable in Canada to do business over there.

- As the India works on the integrated tax regime and uniformity of various legal requirements over the entire nation, it's comparatively easier & fast to do business over there.

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