Overview οCanada encourages foreign direct investment with the help of following sources οIt brings FDI by maintaining an open economy οBy investing in workforce (Government of Canada, 2018). οEngaging in regional partnerships. οBy improving the structure of awareness οThe new place will be created for the investors to do business that inspires creativity and with the help of Innovation program initiated by Canada οBy providing seamless and single window services in the innovation program
Good practice οThe clear and the strategic approach has been observed in case of Canadian FDI. οThe government of Canada is promoting FDI by consolidating innovation program (Government of Canada, 2018). οThe launch of invest in Canada by government in March 2018, marked an important development for FDI attractions.
Bad practice οIntervention in the tax rates and the policies. οRegulation is another sector where federal policies hinder Canada's growth prospects οLimiting pipeline development means Canadians will continue to receive less for their resources than they could otherwise.
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Impact on International marketing decisions οDecision of the shareholders will be influenced. οEntry of the new companies in Canada οTarget market for the international companies will increase. οRise in the distribution channel οMore opportunities for advertising the product οThe opportunities for joint venture or partner selection will be enhanced.
MCQ Questions Question 1: How Canada encourages FDI οA)Support programs and initiatives οB)advertising and media οC) by providing subsidy οD) none of theabove Question 2: The good practices that have been followed by Canadian government are οA)promotion of FDI οB) to create job opportunities οC) for imposing taxes οD) making bilateral connections Question 3 The impact of decision on international marketing οA) more import export οB) targeting customers οC) better off shore relations οD)above all
References οGovernment of Canada, (2018). Government of Canada launches Invest in Canada to attract global investment and create jobs.Retrieved from https://www.canada.ca/en/global-affairs/ news/2018/03/government-of-canada-la unches-invest-in-canada-to-attract-glob al-investment-and-create-jobs.html