NAFTA talks forced Canada to pick a side in U.S.-China trade war
When Justin Trudeau’s government agreed to a revised North American free trade deal, the Americans said Canada also agreed to something else: joining Donald Trump’s trade war on China. The story is here.
Why some experts say scrapping part of NAFTA’s Ch. 11 is Canada’s biggest win with USMCA
While the United States Mexico Canada Agreement (USMCA) is similar to its NAFTA predecessor in many ways, some experts are cheering the removal of a section little-known to the Canadian public — Chapter 11, Section B., or the Investors-State Dispute Settlement (ISDS) mechanism. The story is here.
New TPP Agreement to Be Signed, Without the United States, in March
The 11 members of the Trans-Pacific Partnership will sign a new pact without the United States on March 8 in Chile after overcoming differences on outstanding issues, including a request by Canada on cultural protection, Japan’s TTP minister announced.
Canada anticipates "innovative" negotiations for NAFTA
Canada’s minister of international trade has noted that the government intends to be “constructive” and “innovative” as the North American Free Trade Agreement renegotiations resume in Montreal. The Financial Post reports that Canada’s major issues include the dispute settlement mechanism and supply management.
An important development in North American trade matters not involving NAFTA happened this week. According to Reuters, Canada launched a complaint against the US last week, challenging Washington’s use of anti-dumping and anti-subsidy duties. Nearly 200 examples of alleged U.S. wrongdoing were reportedly alleged, though interestingly, the examples did not concern China, but other trading partners including China, India, Brazil and the European Union.
Reuters reports that the difficulties stem from a U.S. proposal to raise the minimum threshold for autos to 85 percent North American content from 62.5 percent, and to require half of vehicle content to be from the United States.