James owns a drone company in Canada, and the majority of his business is importing and exporting various drone parts. His largest customers are two competing drone manufactures, one in the UK and one in the USA. Canada and the UK recently announced a trade continuity agreement (TCA) that provides Canadian exporters with continued preferential access to the UK market.Explain why James is relieved by the TCA announcement?Without the TCA, what rules would govern James’ bilateral trade between Canada and the UK?

Trade Continuity Agreement (TCA) will ensure continuity in the trade relationships between Canada…

Answered: James owns a drone company in Canada,…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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James owns a drone company in Canada, and the majority of his business is importing and exporting various drone parts. His largest customers are two competing drone manufactures, one in the UK and one in the USA. Canada and the UK recently announced a trade continuity agreement (TCA) that provides Canadian exporters with continued preferential access to the UK market.
1. Explain why James is relieved by the TCA announcement?
2. Without the TCA, what rules would govern James’ bilateral trade between Canada and the UK?

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