pestle
PESTEL Analysis on Doing Business in Canada
Political
Canada has a very strong democratic government since the 19th century when all of the Canadian Provinces were allowed to be self-governed. Though the 20th century the country was ruled by a collaboration of the Liberal and Conservative parties, but after WWII it was ruled by either Liberal or Conservative. The stability of the country can be measured by the World Bank's Worldwide Governance Indicators, ranking Canada a few marks below 94 percentile on voice and accountability. (MarketLine, 2014)
Canada has a proactive attitude toward foreign relationships which have resulted in a positive outside investment and trade. The country relies on trade from the United States and the majority of the country's GDP is derived from imports and exports to the US. Canada currently has Free Trade Agreement with the European Union, Turkey, Morocco, Ukraine, Singapore, South Korea, India, Dominican Republic, Honduras, Nicaragua, El Salvador, Guatemala, and the Caribbean counties. In 1994 the NAFTA agreement was implemented by Canada, the US, and Mexico to eliminate most tariffs between the countries and help encourage strong economic activity. Since the Americas are the top priority for Canada the country is pursing agreements to encourage free trade, help financial and banking institutions grow, prevent double taxation, protect foreign investment, and help with development. In 2010 the government signed a joint agreement with Mexico, signed an FTA with Panama, signed bilateral agreements with Ukraine, Greece, Mexico, and Croatia so that people could travel and work between these countries with ease. In 2011 Canada and the US created the US Canada Regulatory Cooperation Council to help businesses by making business easier and getting rid of red tape. The country has a very bad relationship with the United Arab Emirates as a result of the 2010 decision of denying UAE airlines landing spots in Canada, and then the
Political
Canada has a very strong democratic government since the 19th century when all of the Canadian Provinces were allowed to be self-governed. Though the 20th century the country was ruled by a collaboration of the Liberal and Conservative parties, but after WWII it was ruled by either Liberal or Conservative. The stability of the country can be measured by the World Bank's Worldwide Governance Indicators, ranking Canada a few marks below 94 percentile on voice and accountability. (MarketLine, 2014)
Canada has a proactive attitude toward foreign relationships which have resulted in a positive outside investment and trade. The country relies on trade from the United States and the majority of the country's GDP is derived from imports and exports to the US. Canada currently has Free Trade Agreement with the European Union, Turkey, Morocco, Ukraine, Singapore, South Korea, India, Dominican Republic, Honduras, Nicaragua, El Salvador, Guatemala, and the Caribbean counties. In 1994 the NAFTA agreement was implemented by Canada, the US, and Mexico to eliminate most tariffs between the countries and help encourage strong economic activity. Since the Americas are the top priority for Canada the country is pursing agreements to encourage free trade, help financial and banking institutions grow, prevent double taxation, protect foreign investment, and help with development. In 2010 the government signed a joint agreement with Mexico, signed an FTA with Panama, signed bilateral agreements with Ukraine, Greece, Mexico, and Croatia so that people could travel and work between these countries with ease. In 2011 Canada and the US created the US Canada Regulatory Cooperation Council to help businesses by making business easier and getting rid of red tape. The country has a very bad relationship with the United Arab Emirates as a result of the 2010 decision of denying UAE airlines landing spots in Canada, and then the