Browse "Trade"

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Agricultural Aid

Agricultural aid is the provision of agricultural products or technology by one nation to another, normally by developed to developing countries. Aid will continue to be required because in many developing countries 4 out of 10 persons are malnourished.

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Agricultural Products Board

The Agricultural Products Board was established under the authority of the Agricultural Products Board Act. It was made up of the same members as the Agricultural Stabilization Board. Its broad authority was to buy, sell or import agricultural products.

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Apprenticeship

Apprenticeship, as a form of instruction in which a novice learns from a master of a craft or art, has existed for thousands of years.

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Aquaculture

Aquaculture is the human-controlled cultivation and harvest of freshwater and marine plants and animals. Synonyms include fish farming, fish culture, mariculture, fish breeding and ocean ranching.

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Barter

Barter is the exchange of one commodity or service for another without the use of money as a medium of exchange. A barter agreement (also called "countertrade") among countries calls for the exchange of stated amounts of goods.

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Canada and NAFTA

The North American Free Trade Agreement (NAFTA) is an economic free trade agreement between Canada, the United States and Mexico. Designed to eliminate all trade and investment barriers between the three countries, the free trade agreement came into force on 1 January 1994. In addition to being one of the most ambitious trade agreements in history, NAFTA also created the world’s largest free trade area. It brought together two wealthy, developed countries (Canada and the United States) with a less developed state (Mexico). The agreement built on the earlier Canada-US Free Trade Agreement (CUSFTA), which came into effect on 1 January 1989. After NAFTA was signed, trade and investment relations between the three countries expanded rapidly, but political co-operation remained weak. NAFTA continued to be controversial, particularly in the United States. In 2017, US President Donald Trump threatened to renegotiate or cancel the deal. After more than a year of negotiations, Canada and the US reached an agreement in principle on 1 October 2018. The renegotiated trilateral agreement was given a new title, the United States-Mexico-Canada Agreement (USMCA).

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Canada-US Auto Pact

The Automotive Products Trade Agreement of 1965, better known as the Canada-US Auto Pact, led to the integration of the Canadian and US auto industries in a shared North American market. While it brought great benefits to Canada, it was eventually found to be contrary to international trade rules and was cancelled in 2001. By then it had accomplished its biggest goal — an integrated North American industry with a much stronger Canadian presence.

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Canadian Free Trade Agreement

The Canadian Free Trade Agreement (CFTA) is an inter-governmental trade agreement regulating trade within Canada. It took effect on 1 July 2017. The goal of the agreement was to reduce or eliminate regulations against the free movement of goods, services, and investments within Canada. The officials who framed the new deal said they wanted to ensure that Canadian firms got the same access to the Canadian market as firms from the country’s international trading partners. CFTA also more closely matches the terms of the Canada-European Union Comprehensive Economic Trade Agreement (CETA), which began taking effect in 2017.

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Canadian Wheat Board

The Canadian Wheat Board (CWB) was an agricultural marketing board headquartered in Winnipeg, Manitoba. Established in 1935, for much of its history it was the sole buyer and seller of Prairie wheat and barley destined for export from Canada or for human consumption in Canada. Referred to as the “single desk,” under this model it was illegal for farmers to sell their grain to anyone other than the CWB. Following a change in government policy, the single-desk model was discontinued in August 2012, and the CWB became a voluntary marketing organization. In July 2015, G3 Global Grain Group purchased a majority stake in the CWB, creating a new firm called G3 Canada Ltd. The company’s headquarters remain in Winnipeg.

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Commodity Trading

Commodity futures markets provide a means for the organized trading of contracts for the delivery of goods at a later date. Today, these include agricultural products, metals, forest products, petroleum products, interest rates and stocks.

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Customs and Excise

Customs and excise, taxes on goods, are one of the world's oldest sources of government revenue. Customs duties are applied on imported products while excise duties and taxes are generally applied on goods of domestic manufacture, notably liquor and tobacco.