What Are The Advantages And Disadvantages Of International Trade

Advantages
• Regulatory Cooperation between Canada and EU to ensure protection for their people, Environment and transparency to promote exchange of information, knowledge and personnel.
• To shed more light on temporary entries of businesses in EU and Canada to enhance information access to the businesses.
• Organized capital markets by encouragement of investor access activity and identification of stock exchanges as a tool to promote greater efficiency of capital markets to pass on the advantage to investors on either sides of the Atlantic.
• To focus on E-commerce to ensure security, privacy and protection of its consumers and eradicating spams.
• Commencement of government procurement markets designing a bilateral framework to assure green

• To remove barriers to cooperation and improve bilateral relation by joint projects in the field of science and technology through collaboration in trade, investment and wider policies.
• Small and medium sized enterprises to be given priority by promoting trade, investment and transfer of technology in SMEs between Canada and EU.
• Sustainable development a keen interest to both Canada and EU to conform its relevance and enhanced trade relations by transferring of environment friendly technologies, CSR activities to market socially responsible practices and looking into the impacts on Environment from such trade and investment relations.
Disadvantages
• EU disappointed with Provincial- territorial plans claims it walked away from the TIEA because of the states and territories left out from these talks. The government is keen to use this statement also because of its craze of signing a comprehensive agreement that will be binding on the municipalities and subnational bureaucrats to WTO-plus trade

• There was a qualitative trade imbalance - most significant exports to the EU are unprocessed resources, such as gold and petroleum, while the majority of imports are high value-added manufactured goods, such as vehicles and pharmaceuticals. This qualitative trade imbalance has been exacerbated by the overvalued Canadian dollar, which has gained significantly on the Euro over the past five years.
• A long and time consuming process of EU regulations as it is a lengthy process resulting in delays to the regular flow of trade and investment to the new member states.
• There seems to be a diversion of goods and services by dismissal of tariffs to the new member states and as demand for goods and services within the concerned territory expands and prices are decreased because of the tariff-free status.
Industries affected
• Eliminating duties would give rise to many industry sectors
• Agricultural tariffs – gradual removal on 92%- 94% of