Canadian Business Investors Guide 2014

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Engagement is a two-way process. Just as Indigenous businesses must learn about each particular market, culture, and people of a particular place in Asia Pacific, it may be beneficial for potential Asian partners to learn more about Indigenous Canada. While there are no comprehensive resources or organizations dedicated to this, there are a number of resources that could be shared to help inform and prepare Asia Pacific stakeholders for engaging with Indigenous Canada.

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These include:. There is also a wide variety of consulting firms that do work on Indigenous—non-Indigenous relations that may be able to help with Asia Pacific stakeholders. A survey by the Canadian Council for Aboriginal Business reports that finding and then qualifying for financing are key obstacles for about half of Aboriginal businesses and that women probably find it more challenging to access financing than their male counterparts. Seven out of ten Aboriginal businesses do not have a formal business plan and cite not seeing the value of having one or not having the resources to develop one.

This is noteworthy because having a formal business plan can provide a solid foundation for a company and is often a requirement for accessing financing. I see two main challenges: community infrastructure and connectivity in First Nation communities and the persistent socio-economic gap between many First Nations and other Canadian communities.

First Nations have entrepreneurial spirit the same as other Canadians, but were often not afforded the same resources and opportunities as other Canadians. However, I am happy to say that these are all issues that are getting increasing attention and funding. My department is working with First Nation people and communities across Canada to support their aspirations to pursue economic development opportunities and wealth creation.

There have also been substantial Government of Canada investments in infrastructure made in recent years in First Nation communities, and increased education funding to improve future opportunities for First Nation youth. The following links provide specific financing and logistics support for Indigenous peoples seeking to enter the global economy. There are several government programs specifically for Indigenous business financing and support. The Trade Commissioner Service also offers various funding programs in support of exporting and innovation.

CanExport is a federal program that provides financing for exploring foreign markets for exporters.

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Several business activities are eligible for financing, including target market visits and trade shows. They can play an important role in financing and supporting Indigenous businesses who work with emerging economies, including assistance with funding, advising, and establishing development projects.

International financial institutions include the World Bank, which Canada is a partner with, and the regional development banks listed below. Canadian membership with these banks provides access to procurement contract opportunities through projects funded by the banks. Cudmore international. Mann international. Zhou international. Leblanc international. All governments use a system to categorize the imports and exports of their country. You may have to find the HS code if you are seeking import or export information.

All goods are assigned a six-digit classification code, where the first two digits refer to the product category, and the next four to six digits refer to different subcategories. Different countries can then add digits, up to 10 total, for more specific products.

For example, using the Canada Post HS Code tool , if you put in Singapore as a destination and lentils as your product, the tool will ask you a few questions and then display The HS code is used when shipping products and for other trade information. You can also use the Tariff Finder itself to find which tariffs if any apply to the product you are exporting or importing.

Dealing with different governments and foreign businesses can be difficult. This section provides information on how to do so. In addition to typical business IP, traditional knowledge is important to Indigenous peoples. TK provides valuable social and economic contributions and should be protected just as well as IP. Essentially, Indigenous peoples have some rights over what they know, have known, or will know, just like a technology company might know how to produce a certain product and have the right to use that knowledge and have it protected.

Economic Development Canada provides the Country Risk Quarterly , where you can learn about the risk of doing business in different countries, and Managing Risk: A guide for exporters , where you can learn about managing risk. Trade and investment agreement information relevant to different Asia Pacific countries is provided by the Government of Canada. These resources can help with cross-cultural business considerations to help you prepare before going to Asia and to prepare for visits from Asian stakeholders.

Asia Watch is a free subscription offered by APF Canada that provides the latest analysis of news, trends, and happenings in the Asia Pacific three times a week. According to Anderson and Kayseas, two Canadian academics who have done significant work on Indigenous economic development:. Any conversation on Indigenous entrepreneurship may benefit from including community perspectives and social objectives. The lines between the two are often blurred in the Indigenous community. What makes a group Indigenous is often, though not always, conducive to a more communal approach to entrepreneurship.

Connecting to the global economy is seen by many as the key to Indigenous development, and development in turn is seen as a key component of reconciliation. Entrepreneurship can be the catalyst for this action. Entrepreneurship is conducted and should be conceived of not only at the individual level, but also the communal level, for the Indigenous community where development corporations and co-operation are prominent.

Consider how Indigenous governments and development corporations act as mediating structures. Development corporations support bridging to external economies, and governments facilitate a positive social environment, reducing conflict and increasing bonding within the community.

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Together, these structures can enable communities to opt in to the global economy. Consider differences and similarities between Indigenous economic development and classic economic development. Indigenous economic development includes Indigenous values and social, environmental, historical, and cultural considerations, whereas classic economic development focuses on land, labour, and capital. These differences provide both challenges and opportunities for entering Asia Pacific markets. Consider pros and cons of starting your business on reserve.

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Starting a business as a sole proprietorship on reserve may have tax benefits, but could limit future growth by reduced access to formal and informal equity capital. Plan for business leadership succession. Remember that starting a business is just the start and that change and growth may take time. Having higher levels of education, more experience, and a business plan will bolster export success. The following bulleted lists provide specific recommended actions developed by an Indigenous organization seeking to increase engagement with Asia.

In addition to a variety of new services, the Trade Commissioner Service has collected a variety of Indigenous exporting and importing success stories on its Spotlight on Inclusive Trade — Indigenous Business web page.

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Briefly, they include:. Cross-cultural aspects of global business can improve or decrease the quality of partnerships and chance of success in business. It is, therefore, important to understand the cultures, histories, interests, and values of people non-Indigenous and Indigenous and markets of the Asia Pacific, of which there is great diversity.

There is a large amount of cultural diversity among the non-Indigenous and Indigenous people in the Asia Pacific. At a broad level, there are some similarities, such as the importance of relationships, and values such as community, long-term thinking, and patience, in business and life. Business dealings that address cultural similarities can quickly establish deeper relationships, a feat that is otherwise difficult in the fast-paced world of business.

Indigenous Works states some characteristics of traditional Indigenous culture as follows:. Upon a review of values presented in Aboriginal communities across North America, Ojibway-Anishinaabe elder Jim Dumont asserted that there are seven primary traditional values: kindness, honesty, sharing, strength, bravery, wisdom, and humility. Source: Hofstede Insights. The following historical accounts provide information on how Indigenous peoples have a long history of shared experiences, culture, and hardships, that can provide a base for meaningful engagement in business.

Details and timelines differ, but colonial experiences were often similar across Indigenous nations in Canada and the Asia Pacific, including Japan, Taiwan, New Zealand, and Australia. Similarities include systemic discrimination and oppression, forced relocation, assimilation, the separation of children through work programs or residential schools, and the resulting increase in negative outcomes such as poverty and incarceration and decrease in positive outcomes such as higher educational attainment or healthy lifestyles.

These shared historical injustices led to a shared presence in global movements for Indigenous rights, leading to national and international recognition of rights, for example through UNDRIP. This led to the now-shared presence in the global movement for Indigenous business, for example with many states and Indigenous peoples collaborating to support Indigenous business, including through state Indigenous business strategies, trade missions, and articles in trade agreements.

People around the Pacific share many similar cultures and concerns. There are many examples of such cultural exchanges.

Canadian Business Investors Guide 2014 Canadian Business Investors Guide 2014
Canadian Business Investors Guide 2014 Canadian Business Investors Guide 2014
Canadian Business Investors Guide 2014 Canadian Business Investors Guide 2014
Canadian Business Investors Guide 2014 Canadian Business Investors Guide 2014
Canadian Business Investors Guide 2014 Canadian Business Investors Guide 2014
Canadian Business Investors Guide 2014 Canadian Business Investors Guide 2014

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