US Senator Steve Daines expressed his support for the US-Mexico-Canada (USMCA) trade agreement. The deal would replace NAFTA as a multilateral trade agreement designed to encourage freer and fairer trade between the three North American countries. Daines voted for the USMCA trade agreement to advance out of the Senate Finance Committee, which has jurisdiction over international trade deals, and onto the Senate ...
Read More »British Columbia To Embed Asia Trade Offices In Canadian Embassies
The British Columbia government’s decision to close its stand-alone trade offices in Asian countries is an effort to cut costs that will have long-term consequences for the province’s economy. The move was revealed by Kelowna West MLA Ben Stewart, who served for three years as B.C.’s trade representative in China after vacating his seat following the 2013 provincial election. Stewart ...
Read More »Bill To Ratify Trade Agreement With Canada And Mexico
The U.S. House of Representatives has passed legislation to ratify the United States-Mexico-Canada Trade Agreement (USMCA) and create an unprecedented level of oversight over another country’s labor relations. If the bill becomes law, it could prompt even greater reforms to Mexico’s labor laws. As part of the USMCA, Mexico agreed to reform its labor laws. Under the terms of the ...
Read More »5 Canadian Stocks To Consider As USMCA Trade Deal Clears Another Hurdle
The House Ways and Means Committee cleared the way for the United States-Mexico-Canada Agreement to be voted on in the full chamber soon. The deal, which is intended to replace the 1994 accord called NAFTA, would boost the U.S.’s access to the Canadian dairy market, tighten restrictions for rules of origin for auto parts as well as update digital and intellectual ...
Read More »Statement from Minister Ng On Importance Of Preserving Rules-Based International Trade – Ottawa, Ontario – Global Affairs Canada
The Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, today issued the following statement: “The dispute settlement system of the World Trade Organization (WTO) is key to providing the stability businesses need for rules-based international trade. “The WTO’s rules provide predictability to businesses, and help foster economic growth and prosperity as a result. By addressing the ...
Read More »NATO Has A Bright Future: Justin Trudeau and Mark Rutte
Prime Ministers Justin Trudeau of Canada and Mark Rutte of the Netherlands said they took exception to French President Emmanuel Macron’s recent comments that NATO was experiencing “brain death” due to a lack of coordination between the United States and Europe. The Canadian and Dutch leaders made their remarks on December 3 during a session of “Nato Engages–Innovating the Alliance,” ...
Read More »Canada Working Towards Strengthening Trade Relations
The Canadian government has been working towards strengthening trade relations and safeguard against America’s influence over their domestic markets via economic nationalism. Initially, Canada was worried about foreign investments in particular industries, like the railroads, and required that the majority of directors of any company that received government money could not come from outside the country. Another approach was to ...
Read More »UK Eyeing ‘Super Canada Plus’ Trade With EU
Boris Johnson declared that Britain can have a ‘super Canada-plus’ free trade agreement with the EU and by the end of 2020 there will be no need for political alignment. However, this ambition can be thwarted by some unknown factors such as time, negotiation challenges and unfavourable election result. Trade talks cannot legally begin until the UK leaves the EU, ...
Read More »Canadian Trade Deal With America And Mexico Awaits Approval
Trade agreement between U.S., Canada and Mexico is yet to be approved. Republicans and Democrats have both seized upon the not-yet-ratified Canada-U.S.-Mexico Agreement (CUSMA) on trade to try to win the argument over who’s properly conducting the nation’s business amid the impeachment fight. A new trade agreement that would govern more than three-quarters of all Canada’s exports is hanging in ...
Read More »India Canada Trade – Much Scope Left
Amaar Nararen According to the recent figures on India’s foreign trade partners, Canada accounts for 1.2% of India’s total exports and 0.9% of imports. Indian exports to Canada have increased from C$ 280 million in 1992 to C$ 1326 million in 2003 (January to November): a five-fold increase. Canadian exports to India have marginally increased from C$ 529 million ...
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