The World Trade Organization (WTO) was created to add stability to global trade by upholding certain rules between trading partners. The organization has been criticized for being too slow, and, at times, ineffective. But the WTO exists for very good reason, says Brian Innes, past president of CAFTA who also is the head of public... Read More
Category: Trade
In a great example of rare bipartisan support, the U.S. House of Representatives voted in favour of the United States-Mexico-Canada Agreement (USMCA) in landslide fashion. One day removed from an impeachment vote of President Donald Trump, the USMCA passed 385-41. The trade agreement will now move to the U.S. Senate, where a favourable outcome is... Read More
China's evolution as a trading partner is one of self-sufficiency: China has spent the past few decades weaning itself off needing other countries for many things, by investing in its own value chains and technology, and making strategic purchases and partnerships worldwide. But that doesn't mean China doesn't need to trade — it just means... Read More
The first phase of a trade deal between China and the U.S. has been agreed upon by both parties. United States Trade Representative (USTR) Robert Lighthizer says U.S. President Donald Trump has "focused on concluding a Phase One agreement that achieves meaningful, fully-enforceable structural changes and begins rebalancing the U.S.-China trade relationship." As part of... Read More
If you think you may experiencing déjà vu on the U.S. and China Phase One deal, completed in principle, then you are not alone. Whether last May, September, October or today — any deal with China has been elusive. On CNBC Friday afternoon, national economic advisor Larry Kudlow was asked if Americans can believe the... Read More
With U.S. Democrats agreeing to changes on the USMCA, there is now a path for the agreement to seek ratification in all three countries. After the deal was announced, the Minister of Agriculture and Agri-food Marie Claude Bibeau and USDA Ag Secretary Sonny Perdue spoke about the agreement on the phone, with Bibeau later taking... Read More
Federal ministers have received their marching orders from Prime Minister Justin Trudeau for the 43rd Parliament. For minister of Agriculture and Agri-Food Canada (AAFC), Marie-Claude Bibeau, those orders include several initiatives focused on trade, economic development, tax treatment of farm succession, food waste, and water quality. The mandate letter lays out what Trudeau's government prioritizes... Read More
The new NAFTA (USMCA) has a path to ratification in the U.S. congress now that the Democrats and the White House have come to terms on negotiated compromises. Both Canada and Mexico will ratify the deals in the coming weeks with relative ease, while the U.S. focuses all its trade threats on the European Union... Read More
After two years of negotiating, debate, and threats of destruction, the renegotiated NAFTA deal has a clear path to a congressional ratification with the Democrats and the U.S. President agreeing to the required changes. For agriculture, the USMCA — new NAFTA or CUSMA, whatever you want to call it — has always been about stability,... Read More
For decades now we have frequently heard phrases like, "We need to speak as one," or "We are better together than fighting among ourselves," when it comes to agriculture policy in this country. While the phrases have been uttered, there never seemed to be any real action. Now, don't get me wrong, a historical lack... Read More