Question
Assigned Country: Turkey How you would develop a business around imports from a foreign country (Turkey) to Canada. The research paper will consist of FOUR
Assigned Country: Turkey
How you would develop a business around imports from a foreign country (Turkey) to Canada. The research paper will consist of FOUR sections that describe a different aspect of that country's economy and politics. These matters are all relevant in any decision to do business in another country
Include a References list at the end of your paper
Question 1:Market Prospects
What are the major industries of your exporting country?
What demand is there for their products in the Greater Toronto Area or Southern Ontario?
For these reasons, what products will you decide to import?
Would your best business approach be selling these products directly to consumers? Or would it be selling them to other businesses as supplies, tools, or components?
Question 2:Trade Links & Barriers
What trade treaties has your exporting country joined? What about those trade rules will help you import their products?
What about them will cause problems?
Describe your exporting country's infrastructure; what routes would the goods take from their origin to your warehouses?
Question 3:The Political Environment
How is the exporting country governed? What are the most powerful political movements and parties?
What political problems and conflicts in the country? How might those conflicts benefit or harm your importing business?
What environmental issues in the exporting country may cause you problems?
Question 4: Reliability
What problems of corruption exist in your exporting country?
What dangers could such corruption cause for your business? If your exporting country is not especially corrupt, describe what other difficulties local government or business groups may still cause your business?
HINTS & TIPS!!
Don't let your research consist of Wikipedia pages or similar online encyclopedia articles. There is much more information to be found about the details of a country's economy and business environment than what makes it onto the relevant "Economy of Country X" Wikipedia pages.
When you've figured out what type of product you want to import, try looking for actual businesses in your target country that make or sell that product. Researching businesses that already work in the sector can teach you a lot about how that sector operates.
Transparency International is a non-governmental organization which tracks reports of state corruption and compiles a regular report, the Corruption Perception Index. This is an excellent source of information. Find other non-governmental organizations, including those associated with the United Nations that can provide trustworthy economic and political information.
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