Financial And Non Financial Trade Organizations - 909 Words

Financial and non-financial trade organizations and institutions in Canada There are lots of different financial and non-financial organizations and institutions in Canada; however, the focus will be on several of them such as Global Affairs Canada, Ministry of International Trade, Enterprise Toronto, EDC, TFO etc. According to the Government of Canada (2017), Global Affairs Canada is a division of the Government of Canada, which is focused on relationships with other countries, managing Canada`s international trade policies while developing the country`s international affairs and proposing humanitarian aid to all the needed. Global Affairs Canada consists of three smaller departments such as the Ministry of Foreign Affairs, the Ministry†¦show more content†¦The most popular are senior care services, yoga services, and general contracting (personal communication, January 21, 2016). According to Export Development Canada (n.d.), EDC is a self-financing commercial organization that offers all set of financial and non-financial services to Canadian investors and exporters in order to develop direct investment overseas and into Canada (para. 1-2). As TFO Canada (n.d.) explains, Trade Facilitation Office Canada is a non-financial institution with the aim to combat the poverty around the world and to promote an improvement in economic performance of poor regions (para. 1). TFO Canada was represented by Ms. Alma Farias who showed the opportunities for international students as well how to be involved in sustainable economic growth and to find the opportunities for an international trade. Canadian Manufacturers Exporters (CME) is the powerful association in Canadian industry with the aim to help its members to capture leading positions of exporters both in the domestic market and in abroad (CME, n.d., para. 1, 4). I.E. Canada is a non-profit association of importers and exporters focused on the development of efficient international trade (I.E. Canada, n.d., para. 1). In addition, there are several bilateral trade organizations such as Brazil-Canada Chamber of Commerce (BCCC), Indo-Canada Chamber of Commerce (ICCC) etc. which promote the development of two-side trade and business investments (BCCC, n.d.,Show MoreRelatedHow Globalization Affects Developing Countries?1504 Words   |  7 Pagesprovide organizations a superior competitive position with lower operating costs, to gain greater numbers of products, services and consumers. This approach to competition is gained via diversification of resources, the creation and development of new investment opportunities by opening up additional markets, and accessing new raw materials and resources. Diversification of resources is a business strategy that increases the variety of business products and services within various organizations. DiversificationRead MoreGlobalization and the Multinational Corporation: Multiple Choice Questions1378 Words   |  6 PagesInternational Financial Management, 2e (Be kaert / Hodrick) Chapter 1 Globalization and the Multinational Corporation 1.1 Multiple Choice Easy 1) Which of the following was created in an effort to promote free trade? A) World Trade Organization B) the Sarbanes-Oxley Act C) multilateral development banks D) the Organization for Economic Cooperation and Development Answer: A 2) Which one of the following is an investment from which the payoff over time is derived from the performanceRead MoreFinancial Ratio Analysis : Victoria s Secret1706 Words   |  7 PagesFinancial Ratio Analysis In review of Victoria’s Secret’s financial ratios, it can be concluded that they are capable of fulfilling consumer demands and maintain financial stability. Liquidity Measures ratios advocates that Victoria’s Secret is also capable of sufficiently paying for its liabilities as well as invest assets in a tactical way. Net Working Capital to Total Assets show that Victoria’s Secret is able to turn assets and cover their short term liabilities efficiently. Fixed Asset TurnoverRead MoreInternational Financial Reporting System ( Ifrs ) Rules And Practices927 Words   |  4 PagesThis article introduces the International Financial Reporting System (IFRS) rules and practices, to the Czech Republic. The IFRS is a financial reporting system was established in an attempt to maintain stability throughout the financial community. Despite the conflicts with other countries’ accounting systems, the IFRS attempts to organize one financial standard system for b usinesses to report their financial statements. This article examines the relationship between domestic and global standardsRead MoreAnnotated Bibliography Of Employee Union998 Words   |  4 Pagesuniversity sector: Union strategy and non-union forms of employee participation: Journal of Industrial Relations: http://dx.doi.org/DOI: 10.1177/0022185613489414 This article examines union response to employee’s needs and concerns. The writers finding suggests that in the short term, unions adopted a strategy of compliance and requirement through the development of hybrid forms of voice, such as staff consultative committees. They further understand that non-union forms of employee representationRead MoreDodd Frank Reform And Consumer Protection Act1709 Words   |  7 Pagesdivided into sixteen titles that places major regulations on the financial industry with the purpose of restraining another major financial market collapse. The stated aim of the legislation is: â€Å"To promote the financial stability of the United States by improving accountability and transparency in the financial system, to end too big to fail, to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes† (Thomas, 2010). DueRead MoreThe Growth Of Online Sales1278 Words   |  6 PagesToday, the traditional way of trade has undergone drastic changes. It is not possible to present the major retailers whose sales only in the store without online. More and more companies are changing their strategy towards online sales and move on to the combined sales channels. There are several main reasons for this phenomenon. The projected volume of online sales grows at double-digit, while the growth of not on-line sales slowed down dramatically. The retailing trade association estimates thatRead MoreGlobalization and Human Welfare1656 Words   |  7 Pages International free trade has become the foundation of neoliberal globalization. The main organizations for carrying out free trade are World Trade Organization (WTO) established on 1995, International Monetary Fund (IMF) and World Bank (WB). The main aim was to promote development and trade. Trade has become the lens through which development is perceived, rather than the other way round . The concept of trade evolved right from Adam Smith and David Ricardo who introduced the concept of comparativeRead MoreThe Structure And Operation Of The Global Economy Essay1451 Words   |  6 PagesBITs, governments are aiming to assure non-discrimination, to discipline expropriation, to assure transferability of investment-related funds, to refine the imposition of performance requirements, to assure investors the ability to choose top managers, and to grant private investors the right to submit disputes with host governments to international arbitration, instead of local courts, (Baldwin 15; D avis 3). BITs can provide effective mechanisms by which trade and FDI can be regulated; however, simultaneouslyRead MoreGlobalizations Impact on Government Business Relations1845 Words   |  7 Pagesdue to increased trade and growth, and capital liberalization doesnt work in favor of the poor. Governments are supposed to reduce the negative financial market positions and not impose any such policies that would enhance those situations. Instability can cause deterrents for both firms and governments in the same manner. Interest rates being on a rise can reduce investment and a volatile currency will discourage exporters, especially the smaller firms that do not have any financial expertise to guide