Foreign collaboration is defined as an alliance between domestic and foreign entities to collectively carry out agreed upon tasks. The document outlines the meaning and motives of foreign collaboration, including gaining access to new customers and markets, increasing sales and profitability, and eliminating competition. Potential problems with foreign collaborations include low commitment, poor planning, rigidity, distrust, overdependence, and legal issues. The major types of foreign collaborations discussed are technical, marketing, financial, and consultancy collaborations, which can take the form of strategic alliances, joint ventures, mergers, acquisitions, or consortiums.