Free Trade Agreement and Its Affect on Canadian Business Essay

disengage make do Agreement and Its Affect on Canadian Business With the coming of the Free Trade Agreement (FTA) there have been veryserious implications for Canadian telephone circuit and for that matter, Canada as awhole. Many aspects of the previous economic humor have changed such asthe reduction or eliminatation of tariffs and the restrictions on subsidiesto take in only a few. There has been much heated debate on the pros and consof this deal whether Canada will prosper or release the 51st. American call forth. This report will not take this approach to the issue of whether ornot it is a wise agreement, but will look at what business can do to failitself with the existing FTA. If Canadian business is to wear and prosper in this radicallychanged North American and Global nimbus of easier trading, then itmust adapt. Some of the main areas that will have to be addressed is theneed for more productive and efficient operations, a new-sprung(prenominal) focus by bus inesson the new trading reality, and a change in policies by Government toenable Canada to function better with the FTA. The FTA stands to alter Canadian business which has grown ratherrelaxed and inefficient merchantman walls of tarrifs. While these may haveinitially spurred industry, they have after clipping encouraged complacency.With these rapidly disappearing walls, business will have to become leanand mean in order to compete in a very competitive global market. Lookingat the present state of affairs our status in research and development(R&D), labour cost and expansion, there is much that must be done.Compared to the other industrialized westerly nations we lag far behind innearly all areas. bring for example R&D. In 1990 Canada spe... ...Cameron, Duncan. The Free Trade Papers. James Lorimor & Company, Publishers,Toronto, 1986The Canada and US FTA (Complete Doccument), External affairs Canada, OttawaLaxer, James. Leap of Faith Free Rade and the prospective of Cana da. HurtigPublishers, Edmonton, 1986The Case Against the Critics of Free Trade. John Miora. Finanical Post, Feb.8, 1986Brave New World. Marc Tait. Macleans, Jan. 9, 1989Firms going continental. Jennifer Sachsa. ball and Mail, June 12, 1990Roundtable The Canada-US FTA. Fred Swift. humankind and Mail. August 12, 1988End Notes1 Firms going continental. Jennifer Sachsa. Globe and Mail, June 12, 19902 Brave New World. Marc Tait. Macleans, Jan. 9, 19893 Firms going continental. Jenniger Sachsa. Globe and Mail, June 12, 19904 Roundtable The Canada-US FTA. Fred Swift. Globe and Mail. August 12,1988