International Trade Paper

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Business Finance

Description

For this assignment: 1) Identify a product (and not a service). The product should be something that is widely used. 2) Take the first letter of your first name 3) Select a country that begins with this letter (for example, if your first name begins with P then you could select Portugal) 4) You will be a Canadian based exporter that will be exporting your product to the selected country. 5) Answer the following

a. What RTAs (Regional Trade Agreements) exist between Canada and your selected country? Other countries?

b. What considerations would you need to take into account with various Government of Canada agencies/policies. For example, would you apply for General Export Permit (GEP) or an Individual Export Permit (IEP)?) 

c. Is the selected country a signatory to the CISG? If yes, what would eb important to know (for example, warranty obligations)? If no, then what rules would you follow? 

d. Any special circumstances that you, as the exporter, would need to know?

The letter is T and would need it in PDF format

Explanation & Answer:
6 Pages
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Explanation & Answer

View attached explanation and answer. Let me know if you have any questions.

Outline
International Trade
I.

Introduction
a) The selected product is a motorcycle.
b) The country chosen for exporting products is Turkey.
c) The paper explains the Regional Trade Agreements between Canada and Turkey and the
considerations with various Government of Canada agencies.

II.

The RTAs (Regional Trade Agreements) existing between Canada and your selected
country
a) A Regional Trade Agreement (RTA) involves a treaty between two or more governments
that define the directives that regulate trade activities for all signatories.
b) An RTA between Canada and Turkey consists of the Joint Economic and Trade
Committee (JETCO).
c) Turkey has recorded increasing bilateral trade agreements with countries n various
continents like Africa, Central Asia, the North and Middle Eastern countries.
d) Canada and Turkey signed the agreement to strengthen economic relations in trade,
industry, services and financial venture while intensifying the private sector's
participation in trade cooperation practices.

III.

Considerations to take into account with various Government of Canada
agencies/policies
a) The preferred permit for the exporter is the General Export Permit because it permits the
pre-authorized export to the foreign country concerning the eligible products

b) The other consideration to consider with the Canadian government's policies is that the
exports with the US origin explained in the Export control list and described in the
Item 5400 should get the required permit from the Export Controls Division of Foreign
Affairs Trade and Development Canada
IV.

Is the selected country a signatory to the CISG? If yes, what would be essential to
know?
a) The selected country is a member of the CISG
b) Turkey joined the CISG in 2011 because most of the countries that it had commercial
relationships with were members of the agreement
c) The other vital information to know about the CISG involves its global acceptance.

V.

The special circumstances that you, as the exporter, would need to know
a) Turkey is a signatory to various international trade agreements.
b) One of the circumstances to know as an exporter involves export documentation.
c) As the exporter, the other unique circumstance needed to understand is prohibited
products in Turkey.
d) The other consideration involves the environmental laws in Turkey.

VI.

Conclusion
a) A motorcycle is the exported product and the chosen country for sale overseas in Turkey.
b) When operating as an exporter, it is significant to consider factors like documentation and
environmental laws, which may contribute to the smooth running of the business in a
foreign nation.

References

Akter, S. (2020). Freight forwarding-connecting the dots of international trade: a case study on
EXPO Freight Limited. http://dspace.bracu.ac.bd/xmlui/handle/10361/15634
Elvan, O. D. (2018). Analysis of environmental impact assessment practices and legislation in
Turkey. Environmental Science & Policy, 84, 1-6.
https://doi.org/10.1016/j.envsci.2018.02.008
Gantz, D. A. (2018). The United States-Mexico-Canada Agreement: Overview and
Analysis. Baker Institute
Report, 12.https://scholarship.rice.edu/bitstream/handle/1911/106073/bi-report-121118mex-usmca.pdf?sequence=1
Government of Canada. (2017). Export Controls Handbook - Section A to D. GAC.
https://www.international.gc.ca/controls-controles/export-exportation/exp_ctr_handbookmanuel_ctr_exp-p2.aspx?lang=eng
Kurtaran, B. (2020). Economic diplomacy of Turkey (Master's
thesis).https://open.metu.edu.tr/bitstream/handle/11511/45780/index.pdf
Lazerow, H. I. (2019). Uniform Interpretation of CISG. Int’l Law., 52,
369.https://heinonline.org/HOL/LandingPage?handle=hein.journals...


Anonymous
Really great stuff, couldn't ask for more.

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