Days of supply management may finally be coming to an end

And if they are, Canadian consumers with have NAFTA 2.0 and Donald Trump to thank for the decrease in the price of dairy products

Days of supply management may finally be coming to an endCanada's supply management system is a textbook case for food sovereignty. But the social contract the system represents may need to be redrafted as we head toward North American Free Trade Agreement (NAFTA) renegotiations. Supply management is a social contract between farmers and consumers. Canada’s heavily-criticized quota regime for the dairy, egg and poultry industries was…

Supply management stands in defiance of fair trade

If Canada eliminated its supply management system and the U.S. opened up the softwood lumber industry, both countries would benefit economically

Supply management stands in defiance of fair tradeU.S. President Donald Trump has attacked Canada’s supply management system. He believes certain American industries, including the dairy sector, have been crushed by Canada’s “wasteful destructive job killing regulations” – and the U.S. “demands fair trade with all of our trading partners … and that includes Canada.” He’s absolutely correct: supply management is an archaic,…

Fixed exchange rates an easy fix to Canada-U.S. trade relations

At the heart of Canada-U.S. trade problems is the wildly fluctuating Canadian dollar

Fixed exchange rates an easy fix to Canada-U.S. trade relationsCanadians have expressed relief that U.S. President Donald Trump only wants to “tweak” trade relations with Canada and not rewrite our portion of the North American Free Trade Agreement (NAFTA). This is partly pragmatic, since trade between the U.S. and Canada is huge, worth upwards of $540 billion in 2015. In fact, it's clear that the…

Finding new markets will ease impact of U.S. protectionism

As Canada integrates more and more into the global economy, it will matter to us less and less that the United States withdraws

Finding new markets will ease impact of U.S. protectionismOne of the reasons the new president-elect in the United States is generating so much nervousness around the globe is the fear that he is not connected to the realities of how the global economic system works. For example, there is no such thing as a truly American car. Sure, there are cars with traditional…

Canada looks to Europe for a winning trade recipe

In an increasingly protectionist world, finding trade partners for agricultural products is difficult, although the benefit can be huge

Canada looks to Europe for a winning trade recipeCanada's new Liberal government is learning the hard way that in multilateral trade agreements, agriculture and food always create a recipe for contentious debates. Farmers in Belgium have stalled the European Union’s ratification of the Comprehensive Economic and Trade Agreement (CETA) by voting against it. Many other factions within France, Poland, Spain, Bulgaria and Austria…

The folly of protectionism

Free trade creates many more jobs than it ever kills

The folly of protectionismYears ago when I lived in Victoria, British Columbia and manned a small office, a salesman wandered in and tried to sell me his particular photocopier. He noted my current machine was Japanese but his was Canadian. So obviously, I should support Canadian jobs and lease his made-in-Canada brand instead. Of course, he was unaware…