International Business
Trade between two or more countries is called what?
International business
What is a formal deal that reduces tariffs and trade barriers?
Trade agreement
When a country produces and trades more, what increases?
Economic growth
What do governments negotiate to support business between countries?
Trade deals
Markets outside a country's borders are called what?
Global markets
What do countries often restart when they want to improve trading relationships?
Trade talks or negotiations
Canada and India were negotiating what type of agreement?
Early Progress Trade Agreement
What is one way countries grow their economies through trade?
Gaining access to new markets
Political tension between countries impacts what business activity?
International trade
What do businesses gain by trading internationally?
Access to more customers and inventory
what gets affected when countries pause trade talks?
Imports, exports, or investment
What must countries do before signing a trade agreement?
Negotiate terms or restart discussions
Trade benefits workers by increasing what?
Job opportunities
What role does the government play in foreign trade?
Setting rules and policies for trade
What makes global markets risky for businesses?
Political or economic instability
What factor can slow down or interrupt international business between countries?
Political tension
What do trade agreements help businesses avoid?
High tariffs or unclear trade rules
When countries invest in each other, what economic activity increases?
Foreign investment
When government tensions rise, what might happen to trade negotiations?
They may pause or slow down
Why do companies want strong relationships between countries?
It helps trade flow smoothly
When two countries work to rebuild trust to support trade, what type of relationship are they improving?
Political and economic relationship
Why do businesses prefer when countries have trade agreements?
creates stability and clear rules for trading
Stable trade relationships support what type of long-term economic outcome?
Long-term growth and stability
Why do businesses care about government relationships?
Government decisions affect trade rules and business stability
What happens to global markets when two countries fix their trade relationship?
Trade increases and market opportunities grow