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Beginning of Paper
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Free Trade Agreement and Its Affect on Canadian
Business
Free Trade Agreement and Its Affect on Canadian Business
With the coming of the Free Trade Agreement (FTA) there have been very
serious implications for Canadian business and for that matter, Canada as a
whole. Many aspects of the previous econ ....
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Middle of Paper
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.... labour costs and expansion, there is much that must be done.
Compared to the other industrialized western nations we lag far behind in
nearly all areas.
Take for example R&D. In 1990 Canada spent approximately 2.1% on R&D.
Japan spent 5.6% and Germany 4.8% Even the US spend more at 3.1%. Given
these statistics, it will be very difficult for Canada to compete in any
form of new technology if all parties are on a level field with less
protective trade barriers. Another reason for a dire need for an increase
in efficiency is the trade relationship we are currently involved in. While
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SUBJECTS
