But U.S. protectionism is still a threat
Trade is essential for Manitoba’s economy. International exports and imports represented 46.4 per cent of its gross domestic product in 2018. With a significant goods-related industry estimated at 26.9 per cent of GDP in 2019, Manitoba needs strong trading partners to help develop its economy. In 2019, 30.6 per cent of its exports were resource-based…
Canada must be aware that protectionism has returned which makes international trade complicated
Canada faces new pressures on any attempts to ramp up international trade. In 1994, the United States, Mexico and Canada created a free-trade region with the North American Free Trade Agreement (NAFTA). Considering that the U.S. has been the largest economy in the world from 1994 to now, NAFTA was a true asset for the…
Alongside investing and funding, the government of Alberta must emphasize entrepreneurship and keep co-operating with the private sector
Technology companies have emerged as clear winners during the COVID-19 pandemic. Jurisdictions without a traditional tech imprint – like Alberta – have funnelled funds to facilitate startups. That’s a good diversification strategy, but they should be careful not to veer into protectionism and favouritism. It came as no surprise that in 2020 retail sales through…
Reducing our dependence on any one particular market or supplier makes us much less vulnerable to arbitrary and unfair treatment
“It’s not fair!” How often have parents heard this loud, angry declaration from young children at any real or perceived injustice? Children have an innate sense of fairness that demands to be respected. Hence the practice of asking one child to divide a piece of cake and the other to choose first. Fairness has become…
A private member’s bill in Ottawa is offering Canadians a renewed chance to ‘free the beer’
Interprovincial alcohol distribution in Canada has always been a nightmare. For our wineries, breweries and spirit makers, selling alcohol to Americans is easier than selling to consumers outside their own province. Many Canadian alcoholic products like wines, beers and spirits have won international prestigious awards but can’t be sold to most Canadians. It’s simply ridiculous.…
If Trump was isolationist, Biden will be more open to diplomacy and exchange with America’s allies
With the return of the Democrats to the White House, there will be changes in United States foreign policy. Canada, as the third largest U.S. trade partner, will be impacted. The presidency of Republican Donald Trump was characterized by strong protectionism. It featured a renegotiation of NAFTA (North American Free Trade Agreement), which led to…
Governments tend to forget about consumers when managing supply. Open trade to more cheese and challenge our farmers
Cheese heads – it’s what Canadians are called in many of the United States border regions. It’s because when many Canadians visit their American neighbours, they head straight to the nearest supermarket and buy cheese – and milk and eggs. Dairy and eggs are much more expensive in Canada than in the U.S., even when…
Against the backdrop of an increasingly fraught political relationship between the U.S. and Mexico, what should Canada do?
The contentious (and sometimes very public) North American Free Trade Agreement negotiations between the U.S., Canada and Mexico likely got more complicated with the recent election of a new president of Mexico. While Andres Manuel Lopez Obrador (known as AMLO) says he wants a successful outcome to the NAFTA talks, he’s an outspoken critic of…
By blowing up NAFTA, Trump would be forcing Canada to take control of its future once again and commit to building common bonds to preserve our nation's integrity
It’s ironic that U.S. President Donald Trump's madcap protectionism might do more for Canadian unity than our timid political leaders have accomplished in decades. Ever since the first Canada-United States trade deal in 1988, which started the process of continental economic integration, we Canadians have slowly been distancing ourselves from one another. Worse, we haven’t…
Supply management is protectionism by another name. And domestic protectionism shouldn’t be ignored as we seek freer trade
A significant amount of ink is being dedicated on both sides of the Canada-U.S. border to the trade conflict that President Donald Trump precipitated at the end of the G7 meetings in Charlevoix, Que. Trump wants a better trade footing for the United States, pointing out that tariffs of around 270 per cent are slapped…