Engaging in international joint ventures can provide businesses with a number of potential benefits, such as access to new markets, access to new technologies, and cost savings. However, there are also potential risks associated with international joint ventures, such as cultural differences, language barriers, and legal and regulatory issues. Additionally, there is the risk of the venture failing to meet its goals due to miscommunication or disagreements between the partners. It is important for businesses to carefully consider the potential risks and benefits before engaging in an international joint venture.