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Free Trade Agreement And Its Affect On Canadian Business
Beginning of paper
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 economic climate have changed such as
the reduction or eliminatation of tariffs and the restrictions on subsidies
to name only a few. There has been much heated deba ....
Middle of paper
....here 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 o.... |
| Word count: 1290 |
Page count: 5 |
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