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What are the Pro and cons of Joint ventures when doing international trade?

Joint ventures are becoming more and more common in today's high technology world. Discuss the pros and cons of this method of international trade.
This is the question i have to answer for my homework assignment and i cant seem to answer it please help thanks

Public Comments

1. Advantages
?Entering new markets
?Reducing manufacturing costs
?Developing and diffusing new technologies
?Long term business relationships
?Share costs/lower costs
?Gain knowledge/skills/abilities
?Added distribution channels
?Flexibility


Disadvantages
?Proprietary information might be shared
?Long term commitment