USMCA Improvements

USMCA expected to improve investor confidence in Canada

  • Corwyn Friesen, mySteinbach
  • Posted on 10/05/2018 at 9:05 am

The Vice-President of the Canadian Global Affairs Institute is confident a new trilateral North American trade agreement will help bolster investor confidence in Canada.

Canada, the United States and Mexico have successfully concluded negotiations aimed at creating a United States-Mexico-Canada Agreement on trade.

Colin Robertson, the Vice-President and a fellow of the Canadian Global Affairs Institute, says from Canada and Mexico’s perspective it ensures preferred access to the largest market in the world and, for the United States, it illustrates to the world that, even with Donald Trump as President, they actually can do trade deals.

From a Canadian and Mexican perspective, it lifts the uncertainty about investment in Canada both by Canadians and by foreigners who look at Canada as an attractive destination. We’ve got a highly educated work force, we have energy, we’ve got capacity but if we don’t have access to the biggest market in the world they begin to think, why do we not we situate in the United States instead of in Canada.

But I think now that Canada has maintained and preserved its access to the United States as well as now having better access to the Pacific because of our membership in the Comprehensive and Progressive Trans-Pacific Partnership and to Europe through the Comprehensive Economic Trade Agreement that puts Canada in, I think, a quite enviable position.

Importantly for North America it once again means that North America can operate as a kind of platform, particularly in manufacturing. And we’ve made improvements. There are chapters now on the environment and labour and that introduces a kind of progressive element. And we’ve added a chapter on digital commerce, something that was in both the European and the Pacific agreements but was missing from the former NAFTA.

~ Colin Robertson, Canadian Global Affairs Institute

Robertson notes the USMCA will run for a minimum of six years and it can be renewed twice so it can go to 18 years with revisions as we go along which provides and added measure of stability.

Comments Off on USMCA Improvements

NAFTA Negotiaions

Colin Robertson was also on CGTN to give the Canadian perspective on how NAFTA renegotiation may turn out:

Colin_Aug_25_2.JPG
You can watch that interview Here.

Colin Robertson joined CTV News Network to give commentary on the first round of NAFTA talks:

Colin_Aug_25.JPG
You can watch that interview Here.

Provincial News

Support within U.S. key to successful NAFTA renegotiation

  • Corwyn Friesen, mySteinbach
  • Posted on 08/21/2017 at 11:00 am

The Vice President of the Canadian Global Affairs Institute says strong American support for NAFTA, particularly within the agricultural community, will play an important role in the renegotiation of agreement.

Canadian, U,S. and Mexican negotiators completed the first round of talks yesterday aimed at revamping North American Free Trade Agreement.

Colin Robertson, the Vice President and a Fellow of the Canadian Global Affairs Institute, says strong support within the United States for the agreement will be an important factor.

What ever agreement that the Trump Administration negotiates will be subject to an up or down vote in the American Congress, in the House of Representatives and the Senate so it is important for us and we have made a sustained effort along with the Mexicans over the past six months to remind Americans at the local level why trade with Canada works for Americans.

We start of with what is Mr. Trump’s principal objective and that’s to create jobs. We point out that the Canada, United States, Mexico agreement accounts for roughly 14 million jobs in the United States. The trade with Canada and Mexico makes that possible.

Most Americans have not appreciated that fact but now we’re reminding them on a kind of daily basis and certainty we use every occasion when a minister or a legislator or a premier and this has been an all of Canada effort to do so. It’s not just been the federal government ministers that have been going down to the United States.

It’s been also Premiers, provincial legislators, business persons and those in the farm community for example have been very diligent over the last few years in working the various farm bureaus and going to state fairs just to remind them that trade with Canada creates wealth and jobs in the United States.

~ Colin Robertson, Canadian Global Affairs Institute

Robertson observes we have had a very good response from the Americans. He notes the Governor of Nebraska, during a recent visit to Canada, pointed out Canada is the number one export market for 35 American states.

Comments Off on NAFTA Negotiaions