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Bilateral Trade Agreement
A trade agreement between two countries.
Trans-Pacific Partnership
A trade agreement that the US pulled out of under President Donald Trump.
Free Trade Agreement of the Americas
Involved every country in North and South America except Cuba.
USMCA
Canada did well in Auto exports and Chapter 19 dispute resolution.
Tax Treaties
Main purpose is to prevent double taxation.
Non-resident Taxation in Canada
A Raptor player remains taxable in Canada if employed there, regardless of residence.
Croatia
The most recent country to join the EU.
Brexit
The moniker that signifies Britain's departure from the EU.
Dollarization
When a country adopts the US dollar as their own currency.
Softwood Lumber Dispute
Canada's most famous dispute brought before the WTO.
G8
Refers to the major advanced economies of the world.
WTO Patent Protection
A Canadian patent protects only within Canada, while a WTO patent protects across all member states.
APEC
Member countries are located around the Pacific Ocean.
EU
Canada's second largest trading partner after the U.S.
Multilateral Trade Agreement
A trade agreement between three or more countries.
USMCA Disadvantages for Canada
Canadian dairy market access and maintained tariffs on steel and aluminium.
CPTPP
The agreement that replaced the Trans-Pacific Partnership.
Free Trade Agreement of the Americas Size
Would have created the world's largest trading zone, accounting for 36% of global trade.
European Union Countries
There are today 27 countries in the EU.
Britain's EU Departure Date
Britain left the EU on January 31, 2020.
EU Population
The approximate population of all EU countries is 450 million.
US-Canada Tax Treaty
Exempts American players from paying Canadian taxes.
WTO Patent Laws Drawbacks
Prevent other companies from producing generic, affordable drug versions.
G8 Current Status
It is now the G7 due to Russia's suspension.
Purpose of the G20
To develop countries beyond the G7 and acknowledge BRIC nations' influence.
Denmark's Currency Choice
A country still in the EU that opted out of using the Euro.
Trade Agreement vs. Trade Organization
Trade agreements are enforceable treaties; trade organizations help with goods and services flow.
NAFTA Advantages
Lower prices for goods, increased trade access to raw materials and technology.
Geographic Indication
Identifier of goods from a specific geographic origin, like champagne from France.
WTO Purposes
Negotiation forum and dispute settlement.
NAFTA Disadvantages
Loss of jobs, lower wages, and human rights issues.
Canadian Tax for Non-resident Raptors Player
They pay nothing if duties are performed outside Canada due to the Canada-US tax treaty.
Advantages of the Euro
Price transparency and reduced risk of exchange rate fluctuations.
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