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:…