International Business Planning: Analysis of TPP and CETA for Canadian Manufacturing Industry

Running head: INTERNATIONAL BUSINESS PLANNING
International business panning
Name of the student
Name of the University
Author note

1INTERNATIONAL BUSINESS PLANNING
Table of Contents
Purpose of the report:.......................................................................................................................2
Rational for creation of the chosen agreement:...............................................................................2
Suggestions for the agreement:........................................................................................................3
Conclusion:......................................................................................................................................4
Appendix:........................................................................................................................................5
Bibliography:...................................................................................................................................6

2INTERNATIONAL BUSINESS PLANNING
Purpose of the report:
Canada is one of the developed nations, which is highly associated with the international
trade and almost 75% of its GDP comes from the international trade (Charbonneau, Munnik &
Murphy, 2018). One of the major sectors that provide almost 70% of the Canadian GDP is the
manufacturing industry (Kleinaltenkamp, 2018). In this context, this report is meant to analyze
and provide insight details regarding the regional, international and global trade agreement to the
Canadian manufacturing firm. Among many international agreements, Trans Pacific Partnership
(TPP) and Comprehensive Economic and Trade agreement (CETA) are the two important
international trade agreements that fit with the motive of the said manufacturing industry
(Lysenko & Schwartz, 2015).
Rational for creation of the chosen agreement:
TPP:
Canadian manufacturing sector is a growing industry, which is facing boost in the recent
years (Behrens & Bougna, 2015). Presence of NAFTA has helped the manufacturing industry
largely; however, it has failed to reach in the Asian market. With the help of the TPP agreement
Canadian manufacturing industry can enhance its business to the Asian countries and strong
disciplined structure of the trade agreement will enhance the trade scope in EU countries and US
states as shown in the figure 2 (appendix) (Mukhopadhyay & Thomassin, 2018). On the other
hand it is expected to reduce the trade barriers in the US market on behalf of the Canadian
industries.
CETA:
Comprehensive Economic and Trade agreement is aimed to provide important business
facilities to both the EU and the Canadian manufacturing firms. It will act as the gateway of free