This report focuses on the international monetary system that helps in comparing the economic, political, technical and financial risk that are associated with the international business for both of the selected countries. The report discusses the advantages and disadvantages of trading bloc, NAFTA and EU, benefits of joining a custom union with USA and Mexico for Canada, and the aim of ASEAN and risk of business with ASEAN countries. It also compares the current economic, political, technical and financial risk of international business. The subject is International Business, course code is 11 and the document type is a report.