International trade Term Paper Example | Topics and Well Written Essays - 1500 words

International trade - Term Paper Example In precise, changing trends of international trade has further been quite notably affecting global relationship patterns between nations in the political, social as well as economic aspects. Fundamentally, the international trade patterns also influence the global economic structure by means of demand and supply functions of various commodities. In precise, international trade is also defined as the process of exchanging capital through trading with products and services across the overseas countries (Grimwade 3). Emphasizing the modern trend in the international trade, the report intends to demonstrate a preliminary analysis regarding the influence of international trade relations amid United Kingdom (UK) and Canada during the post economic recession of 2009-2011. In this regard, the report would focus on critically assessing the import and export trade practices associated by companies from these two nations, to further note the impact of international trade on Canada. 2. ... tion to the trade practices over the current years, it can be viewed that UK is the second-biggest recipient along with third imperative source of Canada. During this period, the trade practice of Canada with the UK was significantly valued US$86.8 billion concerning the country’s different inward and outward trade activities. Moreover, the direct trade investment of Canada with the UK can also be apparently noted as 7.3% of annual growth rate during the years 2007-2012 (Tremblay 2). With respect to its trade relation with Canada, the UK can be considered as one of the largest and prominent trade partners for the Canadian corporations in comparison to other different overseas countries. However, the country had also faced significant challenges due to the various influencing factors including trade regulations, economic instability along with barriers in the deregulatory guidelines that had ultimately lessened the potentialities of Canada while performing trade with the UK. In this concern, the country has faced a decline of 7% in export trade activities with the UK. Correspondingly, the annual import activities of Canada with the UK had also fallen by 16% as compared to the year 2008 (Holden 2). 3. Characterising of the Trade between Canada and UK In relation to the increasing competition in the global trade environment, the outward and inward investment portfolios significantly define the continuous development of the Canadian trade with the global countries. According to the recent statistical scenario, it has been witnessed that the country has been experiencing a rapid growth in terms of annual direct investment (inward and outward) as compared to the other global nations (Zhou 49). Canada’s major global trading partners in terms of export and import practices