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How cultural differences affect international business transactions

     Chinese New Year 2017

Business practices can vary from country to country, depending on the nation’s culture, religion, education, economics, environment, politics and social norms. For example, you should know:

  • In Italy, production facilities often close down for the entire month of August
  • In Hong Kong, it is very common to work on Saturdays
  • Chinese New Year is observed in February or March
  • U.S. Independence Day falls on July 4th, while Canada Day is celebrated on July 1st
  • Canadian Thanksgiving is celebrated in October; in the U.S. it is celebrated in November .

Quick Tip #48
Know what type of insurance is available – and what’s best for your business

An open policy is typically for companies that have a regular frequency of goods in transit.

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