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Program and Semester:International Business Management- 1Course:International Trade FinanceCourse Code:BU1243-G8Group members:Arshdeep Kaur201906128Gagandeep Kaur201907171Gurpreet Kaur201907477Jaskaran Singh202003773Karanvir Singh Benipal202003149Rajbeer Kaur202003784Rajwant Kaur Bhullar201906183Ramanjeet201904460Ravanpreet Singh Gill201905463Sanah Aminbhai Velani201905769Evaluation type:Assignment 1Title:Four Pillars of Trade FinanceDate of submission:23rdMay 2021Instructor:Denton Dewar
Four Pillars of Trade FinanceAn export transaction between Canada and USExportCanada was the United States' third biggest provider of goods export in 2019. U.S.goods imports from Canada added up to $319.4 billion out of 2019, up 0.3% ($906 million)from 2018, and up 41.2% from 2009. U.S. imports from Canada are up 187% from 1993(pre-NAFTA). U.S. imports from Canada represent 12.8% of U.S. imports in 2019. The topimport classes (2-digit HS) in 2019 were: mineral powers ($86 billion), vehicles ($53 billion),hardware ($23 billion), extraordinary other (returns) ($18 billion), and plastics ($11 billion).U.S. complete imports of rural items from Canada added up to $24 billion out of 2019, our2nd biggest provider of rural imports. Driving classes include nibble food sources ($4.8billion), red meats, new, chilled, or frozen ($2.5 billion), other vegetable oils ($1.8 billion),handled organic product and vegetables ($1.6 billion), and new vegetables ($1.6 billion). U.S.imports of administrations from Canada were an expected $38.6 billion out of 2019, 1.4%($517 million) more than 2018, and 62.7% more prominent than 2009 levels. It was upgenerally 323% from 1993 (pre-NAFTA). Driving administrations imports from Canada tothe U.S. were in the movement, transport, and media communications, PC, and dataadministrations areas.Transaction of AluminumCanada steel and aluminum ventures are key supporters of the Canadian economy, givingadmirably paying positions and key contributions for other significant enterprises, includingenergy, progressed assembling, development, and auto-making. In 2019, the Canadianaluminum industry utilized roughly 10,000 specialists and contributed $3.1 billion to ourGDP. On aluminum, Canada and the U.S. share an exceptionally coordinated market withjoined exchange of $12.9 billion out of 2019. About 81% of Canada essential aluminumcreation is traded to the United States, where it is utilized as a significant contribution foradditional preparing into items for U.S. homegrown and trade markets. On June 1, 2018, theU.S. forced a 10 percent levy on imports of Canadian aluminum under Section 232 of theTrade Expansion Act. On May 17, 2019, the U.S. furthermore, Canada gave a joint assertiondeclaring the end of the Section 232 taxes against Canada and Canada countermeasuresagainst the U.S., and the finish to all connected WTO prosecution. On August 6, 2020, theU.S. reported the burden of taxes of 10% on imports of certain aluminum items from Canada,which produced results on August 16, 2020. On September 15, 2020, the U.S. ExchangeRepresentative declared the arrival of levy free treatment of Canadian aluminum, compellingSeptember 1, 2020.

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Term
Winter
Professor
StephenHarris

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