Canada will struggle to diversify trade

2018 ◽  
Keyword(s):  
United States ◽  
Free Trade Agreement ◽  
Prime Minister ◽  
Trade Agreement ◽  
The United States ◽  
Government Procurement ◽  
National Interests ◽  
Content Type ◽  
Economic News ◽  
American Trade

Significance US efforts to renegotiate NAFTA were already tense, but this round of talks comes after Canada filed a wide-ranging complaint at the WTO over US trade practices. Meanwhile, the implementation of the Canada-EU Comprehensive Economic and Trade Agreement (CETA) and the revival of an eleven-member version of the Trans-Pacific Partnership (TPP) without the United States could bring some good economic news to Canada. However, Prime Minister Justin Trudeau’s Liberals have been rebuffed in their efforts to begin free trade agreement (FTA) talks with China. Impacts Canada’s WTO case could make Trump more likely to leave NAFTA after this negotiation round. Resumed WTO tariffs in North American trade may see higher lumber, minerals, oil and other commodities prices. Bureaucratic interventions defending national interests in Canadian and EU government procurement will blunt CETA’s potential.

AIIB shows increased US-China institutional rivalry

2015 ◽  
Keyword(s):  
United States ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
South East Asia ◽  
Content Type ◽  
White House ◽  
Regional Institutions ◽  
Institutional Competition

Significance London's actions drew a harsh, if unofficial, reaction from the White House. It underscores the growing rivalry between the United States and China over the changing architecture of global and regional institutions. Impacts Institutional competition will not spill over much into the security field, where China's neighbours seek to balance it. Increased European involvement in South-east Asia will accelerate movement towards an EU-ASEAN free trade agreement. Increased international prestige could help Chinese President Xi Jinping's domestic clout.

USMCA brings Mexico broad continuity, with some risks

2018 ◽  
Keyword(s):  
United States ◽  
Free Trade Agreement ◽  
Manufacturing Industry ◽  
Trade Agreement ◽  
The United States ◽  
Negative Consequences ◽  
Content Type ◽  
Export Sector ◽  
The One ◽  
United States Mexico

Subject The new USMCA. Significance Mexico, Canada and the United States agreed on September 30 to a new trilateral free trade agreement, to replace NAFTA. The United States-Mexico-Canada Agreement (USMCA) presents a mixed scenario for Mexico’s economy. On the one hand, Mexican officials and businesses are relieved that the uncertainty surrounding the negotiations has been resolved. On the other, the agreement imposes new rules in the auto sector, which could have negative consequences for Mexico’s most important manufacturing industry. Impacts New auto industry rules could raise prices and disrupt supply chains in Mexico’s key export sector. Despite the USMCA’s provisions for higher wages, it will in practice do little to raise them in Mexico. Mexico remains vulnerable to the Trump administration’s protectionist whims.

Prospects for Mexico and Central America to end-2017

2017 ◽  
Keyword(s):  
United States ◽  
Central America ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
Content Type ◽  
The North ◽  
And Migration ◽  
Business As Usual

Subject Prospects for Mexico and Central America to end-2017. Significance The economies of Mexico and Central America will maintain a ‘business as usual’ stance until renegotiation of the North American Free Trade Agreement (NAFTA) formally starts later in the year. Growth momentum in the region is therefore likely to be maintained for the rest of 2017. Nonetheless, threats to trade and migration links with the United States, and to remittance income, will drive uncertainty.

Growing US Republican Taiwan focus may provoke Beijing

2019 ◽  
Keyword(s):  
United States ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
Content Type ◽  
Trump Administration

Significance Separately, five Republican senators, led by Florida's Marco Rubio, wrote to House Speaker Nancy Pelosi on February 7, requesting she invite Taiwan's President Tsai Ing-wen to address a joint Congress session. Impacts The proposed US-Taiwan free trade agreement is presently unlikely to advance. The Trump administration might be more willing than others to defend Taiwan, but relations with China will take priorty. Taiwan is exporting its political divisions to the United States; the main opposition Kuomintang will open a Washington office this year.

Canada-US tariff troubles may flare more broadly

2018 ◽  
Keyword(s):  
United States ◽  
Foreign Trade ◽  
Free Trade ◽  
North American ◽  
Foreign Relations ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
Short Term ◽  
Content Type

Significance Canada has a temporary exemption, but Trump is calling for North American Free Trade Agreement (NAFTA) renegotiations to be completed speedily. The NAFTA and tariffs issues have, therefore, become fused, raising questions about the outlook for Canada-US foreign relations. Impacts In the short term, Canadian steel companies may benefit from reduced foreign providers’ presence in the United States. Canada’s NAFTA negotiators will not respond to the Trump team’s threat to impose tariffs. Canadian businesses will begin to migrate south to take advantage of the new and more competitive US tax regime. Canada’s efforts to diversify its foreign trade and decrease US dependence will further accelerate, but still face hurdles.

scholarly journals The Settlement of Disputes Under the 1988 Canada-United States Free Trade Agreement

1989 ◽  
Vol 83 (1) ◽  
pp. 118-128 ◽  
Author(s):  
J.-G. Castel
Keyword(s):  
United States ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Prime Minister ◽  
Trade Agreement ◽  
The United States ◽  
Settlement Of Disputes

On January 2, 1988, the President of the United States and the Prime Minister of Canada signed the Canada-United States Free Trade Agreement (FTA). It was implemented by appropriate legislation in both countries and came into force on January 1, 1989. This Agreement is the most comprehensive of a series of projects and treaties on free trade between Canada and the United States over the last 135 years.

scholarly journals The China-Australia Free Trade Agreement (ChAFTA): its implications for Australia-United States relations

2019 ◽  
Vol 15 (1) ◽  
pp. 41-53
Author(s):  
Johni Robert Verianto Korwa
Keyword(s):  
United States ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Strategic Alliance ◽  
International System ◽  
Trade Agreement ◽  
The United States ◽  
National Interests ◽  
Trade Relations ◽  
The Us

Australia is currently faced with a strategic and economic dilemma regarding its interactions with China and the United States (US). On the one hand, it should maintain and strengthen its strategic relations with the US as an ally in order to contain a rising China. On the other hand, Australia should ensure its economic growth by strengthening trade relations with China. This paper aims to examine the implications of the new China-Australia Free Trade Agreement (ChAFTA) for the ANZUS strategic alliance. Through Qualitative Approach, this article analyzes the issues with the use of realist and liberal perspectives in international relations. By assessing two previous events involving the triangular Australia-US-China relationship (the case of the Taiwan conflict, and the US development of a National Missile Defense system), this paper concludes that ChAFTA may tend to undermine the ANZUS alliance. Three reasons for this conclusion are identified: a fundamental shift in the way Australia perceives China; ChAFTA offers more benefits to Australia than the Australia-US Free Trade Agreement (AUSFTA); and finally Australia may consider ChAFTA as being more in its national interests in the international system than the ANZUS alliance.

A substantial US-UK trade agreement is unlikely

2019 ◽  
Keyword(s):  
United States ◽  
Prime Minister ◽  
Trade Agreement ◽  
The United States ◽  
Political Agenda ◽  
The Political ◽  
Content Type ◽  
The United Kingdom ◽  
Ability To Drive ◽  
The Eu

Subject UK-US trade talks. Significance Hard-line Brexiteers have long viewed a trade agreement with the United States as an important political and economic benefit for the United Kingdom from leaving the EU. With Prime Minister Boris Johnson’s determination to deliver Brexit by October 31 with or without a deal -- the latter appearing more likely -- the prospect of UK-US trade negotiations has risen up the political agenda. Impacts Washington knows a trade deal is politically important to the Conservatives, strengthening its ability to drive a deal favourable to itself. It will be very difficult for London to address regulatory obstacles with the United States without increasing them in trade with the EU. London’s positions on such issues as Iran and Huawei will likely affect the UK’s overall leverage with the United States.

Economic woe presents greatest risk to Thai government

2019 ◽  
Keyword(s):  
Free Trade Agreement ◽  
Prime Minister ◽  
Trade Agreement ◽  
The United States ◽  
Military Coup ◽  
Direct Control ◽  
Content Type ◽  
Thai Government ◽  
The Government ◽  
The Eu

Subject Problems facing the Thai government. Significance Thailand’s government, led by a party with ties to the junta that ruled until July, is facing political and economic headwinds as it tries to establish civilian rule. The king is consolidating his authority, political opponents are pushing back on the ruling coalition and exports are weakening, raising quandaries for Prime Minister Prayut Chan-o-cha. Impacts A worsening trade outlook will prompt the government to step up efforts to secure a free trade agreement with the EU. Thailand and the United States will take time to strengthen bilateral ties, nominally mended when Prayut visited Washington in 2017. The army units under the king’s direct control could provide cover for rival factions to Prayut’s in the event of another military coup.

Farming could stall completion of TPP

2015 ◽  
Keyword(s):  
United States ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
Small Contribution ◽  
Lower Income ◽  
Content Type

Subject The outlook for the Trans-Pacific Partnership free trade agreement. Significance Ministers representing the countries negotiating the Trans-Pacific Partnership (TPP) trade agreement recessed their talks on July 31 without concluding the agreement, even though one was expected now that the United States and Japan, the two largest members, have neared agreement on most bilateral issues. Impacts Japan's textiles and transport sectors are likely to benefit significantly; rice will suffer a little and wheat a lot. Japan's overall gains will probably be small and slow to arrive; US gains will be even smaller. Both economies are already relatively open and trade makes a small contribution to their GDPs; this limits scope for gains. The lower-income economies will have by far the largest gains from increased trade and FDI.

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