International Joint Ventures

An International Joint Venture (IJV) is a business arrangement where two or more companies from different countries come together to collaborate on a specific project or business activity. They pool resources, share risks, and combine expertise to achieve common goals while maintaining their separate identities. This partnership allows them to access new markets, technology, or skills that they might not easily obtain alone. Typically, the companies share profits, management responsibilities, and decision-making. IJVs can be particularly useful for navigating local regulations and understanding cultural differences in foreign markets.