It appears Canada will not be ratifying the new NAFTA unless the U.S. gets rid of steel and aluminum tariffs. According to news reports, Transport Minister Marc Garneau told a National Governors Association audience in Washington Sunday that, unless the steel tariffs come off, it will be very hard to pass the new agreement before Parliament’s summer break. What can we expect from the ratification of the agreement in all three countries?
Sujata Dey's blog
Today, there was a major decision which impacts whether the Canada-European trade agreement, the Canadian European Comprehensive Economic and Trade Agreement (CETA) is adopted in Europe. But the verdict from European civil society groups is clear: Investor-state dispute settlement provisions which allow corporations to sue states goes against democracy
By the time the ink dried on the signing of the USMCA this morning by Prime Minister Justin Trudeau, outgoing Mexican President Enrique Pena Nieto and U.S. President Donald Trump, it was already unravelling.
While everyone is distracted by NAFTA and Trump, the government is fast-tracking the TransPacific Partnership.Yesterday, Bill C-79, the bill to implement the Comprehensive and Progressive Agreement for TransPacific Partnership (the new TPP) passed the House of Commons’ second reading by a vote of 242 to 48 in the blink of an eye.The government dramatically cut short the debate, limiting it to a few hours over two days. We can't let them scuttle debate.
Tomorrow, the TransPacific Partnership goes to Parliament with a new name, but almost identical content. Many will argue that the deal is essential to diversify Canada's exports from the U.S. But as the first year anniversary of the Canada-European trade agreement shows, our trade agreements have not helped us with trade. They have mostly rewritten rules to help big business.
With a constantly shifting trade agreement, one that Trump threatens to be bilateral, Foreign Affairs Minister Chrystia Freeland has rushed to Washington to have bilateral talks with the U.S. Here’s what is on the table.
With his usual theatrics and sleight of hand, U.S. President Donald Trump has decided that NAFTA will be buried forever and replaced with a new deal, the U.S.-Mexico Trade Agreement. But as with all things Trump, that is not the full story. Canada cannot – and should not – give into bluster and theatrics, and may have a few ways to counter him.
In a case of a broken clock being right twice a day, the Trump Whitehouse wanted to remove Chapter 11 from NAFTA. But after pressure from the oil industry, it is now backing down, trying to reform the chapter instead. The U.S. is worried that the newly elected left-wing Mexican president might shake up oil interests at home.
According to Inside U.S. Trade, a NAFTA ministerial meeting will be held in Washington this Thursday and Friday. The U.S. and Mexico say they have almost closed 12 chapters. U.S. trade representative Robert Lighthizer is said to believe a deal is possible before the end of August, the new "expiry date" set by U.S. House Speaker Paul Ryan. But is that possible?