Trade Economic Report

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TRADE ECONOMIC REPORT

The Gross Domestic Product of a country has an influence on the economic outlook of the

country and is used in the general measure of the ability of the country. It also indicates the total

value of a dollar in relation to the market share provided. The personal ability in terms of

expenditure determines the general overview of the GDP of a country. Besides, there is the

Government budget on expenditure and the value of investments within the country which

equally matters in the overall overview of the GDP. The budgeting of a country is defined by the

currency of the country and therefore an equal determinant of the latter (Borensztein et al. 115).

Israel in this matter has got a relative stable hard currency in relation to Canada with the

Israeli New Shekel at a level of 0.38 per one Canadian Dollar. The two nations Israeli and

Canada have specific benefits that they enjoy from their relationship but in the trade issues, they

have individual policy revenues that each has to take care of whenever there is an importation or

an export between its borders. Israel who rely much on their own and quality work, pose a major

challenge on the imports that come in from Canada such that even though they pay more on

pricing it still does not matter to them so long as its good quality besides, the much still goes

back to their nation who have up to seventeen percent levy on imports. In the entire process, the

basic hidden costs are simply on the transportation charges which are basic expenses.

The two nations Israel and Canada have a different approach to the economic system with

Canada operating as a high technology industrial society and a heavy spender in its economy,

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while Israel is market oriented in its strategies basing its economic strength on technological

knowledge. Israel does this a lot by maximizing much on the exports such as high tech

equipment and specific drugs to Canada and the global market as a whole. The discovery and the

provision of green energy in Israel have helped the country to the extent that it has very minimal

imports and therefore much on exports. However, it also enjoys much revenue on its tourism

ability and revenue while on the other hand; Canada has a high revenue collection on green

energy it supplies to the United States. Besides, Canada also earns heavily from the United States

to which it exports oil, electricity and other chemical substances like the Uranium for its

complete industrial functions (Breakspear 71).

The education system in Canada has got a different mode whereby cooperate support on

teamwork is much appreciated while Israel encourages individual work projects. This in Canada

is much supported by the sharing of the knowledge acquired and the dependency to the more

knowledgeable so as there is overall comprehension of the entire concepts. While in Israel the

system bases on individuals, broadening the individual abilities and making it possible to

expound on other possibilities. The examinations system in Israel is basically managed by the

internal examinations bodies that are budgeted and managed by the government while in Canada,

there is the general regional body that instructs and governs the examinations provisions.

The major strategies that the Canadian companies should focus on are the quality of products

being offered to the outside market as this automatically dictates the pricing by itself. Besides,

there should be a keen concern for the species of interest within the provided products so that in

the eventual provision, they would include the specific needs of customers to the product.

Besides quality products and specifications, there should be a way of letting the information

about the improvement of the products reach its customers (Smith 86). This would be by means

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of advertisements and much more by the online adverts where most people take much time in

business and social networking. Such information can be got from the common sites such as the

Google market and the Amazon.

Transportation System

The well maintained transport infrastructure in Israel is a

very big support in networking the country that supports

business and communication of goods within the country.

There is the availability of good roads, integrated railway

lines and the airports.

Communication System

Internet connectivity is much networked and embraced

all through the entire country in Israel. There is good

cyber security and much advancement iof technology that

it has gone to as far as exporting the technology to other

countries. Israel by virtue, it is the most developed

technology in communications in the region.

Government Services

There is the significance use of democracy in the

parliamentary system of governance. Budgets and major

government businesses are regulated by the parliament

which oversees the major government matters like the

health covers and the provision of incentives to the less

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privileged in the society.

Accommodation

There is an extensive of accommodation facility within

the country cities which range from the low, the middle

class to the well-integrated high class accommodation.

These all are as per the preference and provided as per

the requisition.

Food

There is an extensive provision of food stuffs ranging

from the simple dishes of dessert to the whole meals that

are inclusive of meat and game meat to choose from.

However, the government ensures sufficient provision of

food security through its different agricultural practices.

Health Care

The National Health Insurance Law is thereby provided

to all citizens within the country in ensuring a healthy

safe nation. However, there are also the private health

cover providers which take up to half the national figure.

Safety

The number of casualties and insecurities are

significantly low due to the well integration of the

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authorities and the citizens in ensuring a safe nation.

Civic and ethical knowledge is provided to all people on

enhancing security and safety.

Education

There is a well comprehensive system of education which

is provided to all children with the elementary education

being compulsory to all. The government statistically

spends up to seven percent of its GROSS Domestic

Product on education as a way of safe guarding the

welfare for the nation as a whole.

Business Support Services

The use of well comprehensive internet connectivity is a

huge support in the business networking and support to

the business activities. The industry is likewise supported

by the good cyber security provision in the country.

Financial Services

The banking sector is supported by the central bank

system in its management by ensuring good financial

provision to the customers and at good rates.

Foreign Embassies

Tel Aviv hosts most of the embassies which are up to

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eighty percent of the foreign embassies.

Communication Etiquette

Discipline is highly instilled within the locals with the

appreciation of Christian morals through the religious

practices within Israel.

Negotiating styles

It is well accepted in a formal manner with punctuality much regarded.

Language,

Formal language is much regarded as per the business etiquette with the use of the first name. If

the names are unknown, then the address of Mr. or Ms. is preferred

Silent language

It is appreciated with keeping the eye contact to show participation in the communication

Forms of greetings

Shaking of hands is optional and the failure to shake hands is not regarded as disrespect. In the

event of not shaking hands, then you would simply keep the eye contact.

Style of dress

It is embraced according to the preference of each person. However, in case of a summer, then it

is preferred the dressing held formal

Gift giving

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It is highly encouraged and held with high concern especially when one provides a cultural

material from his country

Punctuality

It is highly regarded as the time for lunch breaks are regarded as a mere waste of time but

simply snacks occupy the lunch breaks to save on time.

Scheduling of meeting

Punctuality is highly regarded, however; interruptions within the meeting like for phone calls are

more often and should not be confused for disrespect.

Business entertaining

It is not restricted to any values but is left open to the culture of the person so long as it is

respectful and morally upright. During the different changes in climate, it is not restricted on

specific garments but the overall values are still regarded.

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Works Cited

Borensztein et al. "How does foreign direct investment affect economic growth?" rnal of international

Economics (2012): 115-135.

Breakspear. "The policy impact of PISA: An exploration of the normative effects of international

benchmarking in school system performance. OECD Education Working Papers, 2012.

Smith, Taken. ""Longitudinal study of digital marketing strategies targeting Millennials." Journal of

Consumer Marketing (2016): 86-92.

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