Canada’s future brighter with broader trade

We are too dependent on two of our top three customers: the U.S. and China. And both of these are increasingly hostile

Canada’s future brighter with broader tradeCanada relies on exports. In any given year, about 45 per cent of our economy is in foreign trade. For much of the past, our exports have been mainly in the agriculture and resources sectors. These are still important, but services (think international education), manufactured goods (e.g. Lululemon clothing) and technology (e.g. the Canadarm robotic…

Trans-Pacific trade deal carries huge potential for Canada

The agreement gives Canada a bargaining chip in dealing with large players outside the pact, such as China and the U.S.

Trans-Pacific trade deal carries huge potential for CanadaThe reworked Comprehensive and Progressive Trans-Pacific Partnership trade agreement between Canada and 10 other nations kicks in on Dec. 20. The federal government heartily endorses the deal it rescued after the U.S. administration abandoned it. But it concedes the deal itself may only increase Canadian gross domestic product by an estimated $4.2 billion, or about…

China may balk at Taiwan entry into resurrected TPP

From Canada’s viewpoint, considerations like global security, freedom, human rights and democracy support Taiwan’s case

China may balk at Taiwan entry into resurrected TPPThe next big trade hullabaloo in the topsy-turvy world of international trade is fermenting: which countries will be invited to join the second membership round of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Taiwan’s application is a potential flashpoint. The clumsily-named CPTPP rose from the ashes of the Trans-Pacific Partnership after the United States…

“Progressive” trade agenda leads to regressive results

Canada wants to include social and environmental standards in trade deals. Countries like China aren't interested in anything but economic advancement

“Progressive” trade agenda leads to regressive resultsIf Brett Wilson were still taking business pitches on Dragons’ Den, he would never partner with Canada’s trade negotiators. During a recent television interview, he openly wondered whether the negotiators were “delusional, naïve or stupid.” It seems he settled on stupid, saying: “Right now, we’re trying to build on this social agenda of respect and…

TPP2 death knell for supply management, and that’s a good thing

The new Trans-Pacific deal will boost agri-food industries. But it’s a nail in the coffin for Canada's protectionist supply-management sectors

TPP2 death knell for supply management, and that’s a good thingCanada is making its trade intentions crystal clear and that's good news for most agri-food industries, although our supply-management sectors face big challenges. Even as the North American Free Trade Agreement talks continue, we've learned that the Trans-Pacific Partnership isn’t dead after all, although the trade deal among Pacific Rim countries has a new name:…

Trudeau’s Asian trip a diplomatic and trade disaster

The PM had a chance to join a global effort to protect Canadian research and innovation, but he failed. And that wasn't his only failure

Trudeau’s Asian trip a diplomatic and trade disasterBefore Prime Minister Justin Trudeau's recent trip to Asia, the Liberal government promised to promote trade, economic opportunities and investment in Canada. But the trip didn't quite go as planned. At the Asia-Pacific Economic Cooperation (APEC) gathering, world leaders hoped to revive the Trans-Pacific Partnership (TPP) trade deal after the United States left the agreement…

Trudeau stands tall in Asia by rejecting the status quo

By rejecting the Trans-Pacific Partnership, Trudeau is signalling that globalization has abandoned some key principles and must be fixed

Trudeau stands tall in Asia by rejecting the status quoCanadian Prime Minister Justin Trudeau shocked the pundits and most trade experts last week when he refused to sign the updated Trans-Pacific Partnership (TPP), an 11-nation free-trade deal. His decision to continue negotiating and push for a better deal for Canada had a lot to do with preserving the auto industry in Canada and protecting…

Dissecting Trudeau’s Trans-Pacific tap dance

Was the prime minister simply late to a critical meeting on the trade deal or did he attempt to sabotage it?

Dissecting Trudeau’s Trans-Pacific tap danceDid Prime Minister Justin Trudeau intend to cause an international incident? That’s what many columnists and pundits are still trying to figure out after our national leader’s confusing absence, and sudden reappearance, at the Asia-Pacific Economic Cooperation Forum (APEC). Let’s go back a few steps. Trudeau was in Danang, Vietnam, last week to meet with…

New TPP trade deal offers huge long-term gain

Freer trade under the TPP will lower tariffs barriers, open up new markets, and provide new customers to Canadian producers

New TPP trade deal offers huge long-term gainMany words have been shared on the Trans-Pacific Partnership (TPP) agreement, a lot of them negative. This may be, as the French say, a lot of noise for an omelet. First, the TPP agreement is far from certain. It has to be ratified by the legislatures of 12 countries, many of which have political leaders…

TPP an economic opportunity, not a guarantee of economic success

The TPP will open new doors for Canadian exports and create significant international trade opportunities

TPP an economic opportunity, not a guarantee of economic successThe recent announcement of the Trans-Pacific Partnership (TPP) free-trade deal is one more confirmation of the importance of international trade for Canada. I anticipate that the new Liberal government of Justin Trudeau will endorse the TPP agreement. It was international trade in 1497 that started the economic heartbeat of the land mass that would become…