Explore BrainMass

North American Trade

The North American Free Trade Agreement agreed upon by Mexico, Canada, and the US allows for free access to a market of more than 435 million people for the three nations. The United States ranks number three in the world for the ease of doing business, while Canada ranks number seven¹. Additionally, according to the consulting firm KPGM, Canada and the US offer the lowest business startup costs out of any of the G7 countries¹. This study takes into account 27 cost elements in 17 activities.

The tax rates of Canada, the United States, and Mexico are also some of the lowest in the world, with the US corporate tax rate at 34 percent and the Canadian tax rate at just 21.7 percent¹. North America also has very abundant and low-cost energy sources. Oil, gas, and hydroelectricity represent a huge strategic advantage of doing business in North America. A manufacturing plant in Canada, for example, pays $100 on their electricity bill, while the same firm would pay $406 in New York City, $353 in Boston, and $162 in Chicago¹.

There are numerous other advantages to doing business in North America. Canada ranks number three for quality of life according to the most recent United Nations report on quality of life¹. North America also has a democratic and transparent government where business ventures are supported and facilitated legally and fairly.


1.  Business Climate. Retrieved from https://www.siminca.com/en/climatdaffaires.html#facilite

© BrainMass Inc. brainmass.com May 23, 2019, 12:53 pm ad1c9bdddf

Categories within North American Trade

Job searching and resume building

1. Research three companies you might like to work for. Use the internet, library, trade journals, Chamber of Commerce, or other sources to locate this information. In a narrative format provide the following information: name of the company, what the company does, locations, website address (if there is one), phone number, type

Marketing Plan for Praxair

I need to summarize the current marketing plan for Praxair Incorporated (http://www.praxair.com). Please help me with this task with details to explain the elements of the plan, which will include: -Executive Summary -Company Description -Praxair's Mission and Goals -Core Competencies -Situation Analysis -Competitors in

Dr Washington: Gathering and analyzing investment information

Dr. Washington has caught on quickly to the investment fundamentals you have explained and is ready for the next step of gathering and analyzing investment information. You decide to spend time explaining how and where to gather information. You point out to Dr. Washington that legislation within the last 10 years has made it e

Loewe v. Lawlor Summary

I need help finding an article on this subject and discussing. Find a (2002) Supreme Court opinion involving the National Labor Relations Board in which the case Loewe v. Lawlor is cited. Write a summary of the Court's opinion and its impact on labor relations in the U.S.

Managing Multinational Operations


Trade Deficit

What is the trade deficit and why is it considered so important? What are some factors that impact the numbers? What do you think it means? Please provide references and not anything from Wikipedia