3 reasons why you shouldn’t buy local
The idea of supporting local businesses is inherently appealing, but “buy local” campaigns may hurt the same businesses they’re designed to support.
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The idea of supporting local businesses is inherently appealing, but “buy local” campaigns may hurt the same businesses they’re designed to support.
Facing a global economic slump and a sharply devaluating loonie, the government of Canada has strategically turned its attention on growing international markets with the goal of tapping into the economic benefits of global trade including seeking a free trade deal with China.
So what has happened so far to encourage you to think about starting to export to Argentina again? Just three examples will provide a more positive outlook.
For Canada, the agreement will likely result in an increase in both imports and exports, including products such as machinery, canola, beef, pork, minerals and seafood. Canadian companies will gain a competitive advantage over exporters from non-TPP countries who must still face the existing tariffs, while the same will be true for organizations importing goods to Canada.
As environmental groups and analysts make headway with reading through and analyzing the agreement, some groups have come out resolutely against the agreement, arguing that tying these economies together more tightly will make it harder to pass more stringent environmental relations in the future and expressing concern about the TPP’s failure to address climate change.
In a recent conversation with a Canadian company wishing to expand internationally, I learned some of the questions that potential exporters face and some of the very different strategies used by successful exporters.
On November 5, U.S. President Barack Obama issued a letter to South Africa, saying the U.S. would suspend duty-free treatment of South African agricultural goods exported to the U.S. should South Africa fail to address what the U.S. government saw as barriers to American products.
While returns are difficult enough to manage locally and domestically, complications multiply when managing cross-border returns.
A long-running trade dispute between the United States and Mexico over the American sugar market has been resolved by the U.S. International Trade Commission (U.S. ITC), which ruled in late October that Mexican imports of the commodity had hurt U.S. sugar producers.
Joel Fernandez is the Executive Director of the Global Chamber in Miami, Florida, and the Vice Chairperson of the Environmental Impact Committee in his town, and an international trade entrepreneur with his own company, Intradeservice LLC.
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