The Canadian company must comply with competition laws of both Canada and the foreign country, making the statement false.
False
The statement is false. When a Canadian company appoints a distributor in a foreign country, they need to comply with not only Canadian Competition legislation but also the competition laws of the foreign country where the distribution agreement will take place. Each country has its own set of competition rules and regulations that must be followed to ensure compliance and fair competition practices.
Furthermore, international trade agreements and laws play a crucial role in governing business practices across borders, and companies operating overseas must adhere to both domestic and international trade laws to avoid legal issues and ensure ethical business conduct.
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