Business / Trade in Canada
-
CANADA, 2017/09/06
U.S. Trade Representative Robert Lighthizer said on Tuesday that he and President Donald Trump are in full agreement on the NAFTA trade pact’s problems and believes that Trump will support any final modernization transaction that he negotiates.
Next closing out five days of talks in Mexico City, Lighthizer said that he considers Trump’s views in each decision he makes in negotiations over the North American Free Trade Agreement.
-
CANADA, 2017/08/26
Mexico and Canada may discount US President Donald Trump’s remarks about the country’s withdrawal from the North American Free Trade Agreement (NAFTA), Russell A. Green, Will Clayton Fellow in International Economics at Rice University's Baker Institute (Houston) told Trend.
"Trump’s threat to withdraw completely from NAFTA should be taken seriously. Nonetheless, there are reasons Mexico and Canada may discount his remarks. Initial, the remarks came during a political rally and may have been directed additional at supporters than the negotiations. Second, there is very little support for withdrawing from NAFTA in Congress, so Trump risks further alienating significant portions of his own party. Third, some legal scholars have offered that the president does not even have the power to do so. While foreign policy treaties like alliances may be canceled by the president autonomously, trade treaties are not the same. They fall under the Commerce Clause in the US Constitution, which stipulates that Congress has authority," the expert explained.
-
CANADA, 2017/08/21
As negotiators from Canada, the United States and Mexico get ready to discuss how to improve the North American Free Trade Agreement, here’s what you need to know.
How does NAFTA affect me?
For consumers, trade deals have a positive and wide-ranging affect but, most of the time, they don’t know it.
-
CANADA, 2017/08/21
Industry, organized labour submit policy wish lists to PM ahead of talks to renegotiate North American Free Trade Agreement.
-
CANADA, 2017/08/20
A revamped trade agreement will be born into a new economic world, if by presently weakening signs of increase and trends in history are any indication
By the time the majority recent economic readings are published, they could by presently be relegated to the history bin. That’s not only because of the usual lag in data gathering, it’s as well a matter of number-crunching being overtaken by political events.
Case in point: The current negotiating process between Canada, the United States and Mexico to determine the next of continental trade. As the playing fields change, so too will the economic numbers for each country. By what degree remains unknown.
-
CANADA, 2017/08/15
Renegotiation of the North America Free Trade Agreement (NAFTA), scheduled on August 16-20 in Washington, D.C., has caused concerns that rewriting the terms of trade could turn out to be a double-edged sword: benefiting some industries while hurting certain sectors.
Agriculture in the U.S. no doubt is the major beneficiary of the NAFTA. Statistics show that next NAFTA officially took result on January 1, 1994, U.S. annual agricultural exports to Mexico has skyrocketed from 4 billion U.S. dollars to 18.5 billion U.S. dollars. With exports to Canada added, U.S. annual exports to other NAFTA nations could reach 40 billion U.S. dollars, four times the all reported before 1994.
-
INDIA, 2017/07/02
-
CANADA, 2017/06/27
Will the work that went into negotiating the Trans-Pacific Partnership (TPP) go to waste? There are two approaches the remaining members can take. Useful parts of the TPP can be uplifted and transplanted into other agreements. Or the trade agreement can be seen as a sleeping beauty — or better from presently on, a modern woman who needs no prince but who will wake up and get on with it.
The TPP cannot be revived as drafted. The agreement cannot come into force unless ratified within two years by economies that constitute 85 % of the total GDP of the 12 members. This makes ratification by the United States and Japan indispensable. While President Trump is not noted for consistency of purpose, the prospect that he will not only reverse his stance on the TPP but as well fasten Congressional approval within two years is surely nil.
-
BRUNEI , 2017/06/27
The next of trade and cross border commerce in Asia and the Pacific and the US role in Asia’s economy were put in doubt by Donald Trump’s withdrawal of the United States from the Trans-Pacific Partnership (TPP) economic agreement.
The TPP was the economic arm of President Obama’s pivot to Asia. It was as well supposed to set the rules and standards of trade in Asia and for the world. It is no amaze again, that some of the remaining 11 members of the TPP are trying to save the agreement even without US participation. A lot of political capital was expended in negotiating the TPP and nations are looking for ways to maintain the momentum of economic integration.
-
CANADA, 2017/01/16
The chief of the Trudeau government’s influential council of economic advisers recommends Ottawa remain agile, just in case Donald Trump delivers on vows that could have severe implications for Canada.
Dominic Barton, the world managing director of consulting firm McKinsey & Co., said in an interview that while it remains unclear what exactly the president-elect will do, he cautioned that Trump’s pledges on trade and taxation must be taken seriously in Canada.
“If something does happen … again I think we’re going to have to be ready to go back to the table … you think about budgets or you think about tax cuts,” said Barton, who, as chair of the economic increase council, has the ear of Finance Minister Bill Morneau.
