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LEGAL COUNSEL FOR CROSS-BORDER BUSINESS Successful and growing businesses continue to pursue opportunities that exist outside their home country, which has made the pursuit of business between Canada and the United States of America increasingly prevalent. The revenue potential available from furthering one's corporate enterprise in the other country, given the continued promotion of cross-border trade (as exemplified by the North America Free Trade Agreement), has spurred such expansionary initiatives. Nevertheless, given the competitive nature of business (especially when attempting to break into a new market) and the challenges associated with entering into an alternate legal and regulatory environment, it makes sense to engage the legal service of a lawyer knowledgeable and experienced in advancing cross-border business operations between Canada and the United States of America. When such business development is being undertaken, your focus should be on your core objectives - customer development, sales and operation; with your lawyers tackling the legal aspects associated with your cross-border business operations - which can be tedious and extremely technical at times, such that this is when you should be drawing upon the appropriate law firm to deal with the legal and regulatory aspects associated with your particular cross-border business. Neufeld Legal P.C. Being licensed to practise law on both sides of the border - New York State, Ontario and Alberta, together with practising law in both countries enables us to provide our corporate clients with the type of legal advice that are looking for in advancing their business on both sides of the border. As such, when your company is intent on expanding its business between countries and is looking for the appropriate legal advice, contact Neufeld Legal P.C. by telephone at 416-887-9702; email at Chris@NeufeldLegal.com; or Skype at Christopher.Neufeld. |
USA-Canada Cross-Border Facts In 2012, trade figures between the two countries represented approximately $295 Billion flowing from the USA to Canada and approximately $325 Billion flowing from Canada to the USA. ******* US exports to Canada are 50% greater than exports to Mexico and 270% greater than exports to China (the closest rivals for American exports). ******* The 5 largest export categories in 2011 from the US to Canada were: Vehicles ($46.9 Billion); Machinery ($44.2 Billion), Electrical Machinery ($27.1 Billion); Mineral Fuel and Oil (oil and natural gas) ($18.4 Billion); and Plastic-based Products ($12.6 Billion) ******* The 4 largest import categories in 2011 from Canada to the US were: Mineral Fuel and Oil (crude and natural gas) ($101.9 Billion); Vehicles ($49.8 Billion); Machinery ($19.9 Billion); and Plastic-based Products ($10.3 billion). ******* Private commercial services flowing from the US to Canada represented $56.1 Billion in 2011; with the flow from Canada to the US being $28.0 Billion in 2011 ******* US foreign direct investment (FDI) in Canada (stock) was $319.0 Billion in 2011, with Canadian FDI in the US being $210.9 Billion in 2011 |
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