Hello, I am one of the representative’s of the Toronto Region Board of Trade. Today I am going to propose to you the idea of International Trading and it’s overall effects on Canada. To start this introduction off, my name is Vanessa Kam and I am a twelfth grade student at North Toronto who is currently taking International Business. This presentation is to going to demonstrate the benefits of expanding Toronto’s trade internationally as well as showing some of the negative effects and how we can overcome them.

Some of you may wonder why International business is essential… but most of you don’t realize that Canada’s entire economy is crucially dependent on trade and integration with global trading networks. International business is essential …show more content…
These are just a few facts to start off this presentation and within these slides we will cover how international trading will expand Toronto’s business horizons, boost our economy, add more jobs, attract new investments and help us form connections with other countries.

One of the advantages that international trading will bring to Canada is helping reducing waste of resources and turning it into profit. Often the level of income of a country is a reflection of how the nation efficiently uses the resources; either to produce goods or export goods. Canada is a relatively small country compared to China, therefore Canada produces excess natural resources and has enough to consume for itself and export the excess. Additionally, not all countries are at the same economic level meaning certain countries have better technology and resources than others. Countries with better technology and resources can produce the product at relatively cheaper rate than any other country and hence it will better for other countries to import the product rather than …show more content…
Many business’ would like to reduce the overall cost of labour in manufacturing the product. But this brings on the controversial topic on social welfare issues; should companies maintain safety standards, provide minimum wages, worker compensation and health benefits? If the product is made in a country which does not provide for the workers with these basic necessities, then the product can be sold for less in Canada. This is an increasing problem because when countries manufacture cheaper products, more countries internationally are likely to purchase their products because it is less expensive. This is an increasing important topic to touch on because although consumers can benefit, the workers are often risking their lives by working in substandard safety conditions which will often result in death and injury in the workplace. But by maintaining safety standards and incorporating fair pay, it costs Canadian businesses and taxpayers an increased amount of money which many individuals are unwilling to pay. From another angle, one can argue that International Trade also helps raise the living standards and reduces poverty within a nation. There is growing evidence that show that countries that are more willing for trade to occur in the long run will have more capital income than those opposed to trade. Trade growth