November 10, 2017
June 28, 2017
June 8, 2017
Canada’s foreign minister takes on Trump’s critiques of trade relationships
Canada’s foreign minister, Chrystia Freeland, used a speech in Ottawa on June 6 to beat back arguments denouncing the status quo trading system made by President Trump and his deputies, instead advancing the claim that Ottawa is creating a model for a form of globalization that ensures the benefits of trade are felt throughout society.
“Far from seeing trade as a zero-sum game, we believe in trading relationships that benefit all parties,” Freeland told Canada’s parliament. “We look forward to working with our continental partners to modernize the North American Free Trade Agreement, and to making a great trading partnership even better.”
Trump and his team have often addressed trade relationships in a zero-sum framework — claiming, for example, that a bilateral trade deficit with a foreign country means the U.S. is in a largely negative economic position relative to that country. Freeland joined other foreign officials in cautioning against this line of thinking.
Freeland also warned of what she called “an exhaustion in the West of the belief among working people, the middle class, that the globalized system can help them better their lives. This is an enormous crisis of confidence. It has the potential, if we let it, to undermine global prosperity itself.”
“Here’s the key: It’s true that the system is flawed. But international trade is the wrong target,” she added. “The real culprit is domestic policy that fails to appreciate that continued growth, and political stability, depend on domestic measures that share the wealth.”
“But let’s be clear on this point: It is wrong to view the woes of our middle class as the result of fiendish behaviour by foreigners,” she added.
Trump and his trade team have taken aim at Canada over alleged subsidization and dumping of softwood lumber and certain Canadian dairy industry policies that the administration and the U.S. industry claim box the U.S. industry out of Canada to the detriment of American dairy workers. Agriculture Secretary Sonny Perdue met with his Canadian counterpart in Toronto on June 5 to discuss those issues in addition to Canadian wheat grading and certain wine measures.
Freeland also argued on June 6 that increased unemployment is wrongly tied to globalization.
“The truth is that the nature of work has changed because of profound, and generally benign, global economic innovation,” she said. “This transformation, driven primarily by automation and the digital revolution, is broadly positive.”
“By better supporting the middle class, and those working hard to join it, Canada is defining an approach to globalization that can be a model,” Freeland added, citing support for families, pensions, education and retraining as components of that model.
Canada also will not stand still as the Trump administration carries out its reorientation of U.S. trade policy, she said.
“We will also intensify our efforts to diversify Canadian trade worldwide,” Freeland told the parliament. “We will actively seek new trade agreements that further Canadian economic interests and that reflect our values — with the Canada-EU Trade Agreement as our template.”
With NAFTA talks around the corner, analysts have said Ottawa may be signaling strength in the trade realm — citing an implicit threat by Canada to cancel a planned purchase of Boeing fighter jets in response to an antidumping and countervailing duty case the U.S. company brought against Canada’s Bombardier.
“I think there’s a risk of spillover from issues,” Adam Taylor, principal at Export Action Global and former aide to Canada’s previous trade minister, Ed Fast, told Inside U.S. Trade in May. “I think at this point the Canadian negotiating strategy is to appear tough. Canadian politicians, knowing that they’re in for an intense set of negotiations on NAFTA, want to appear strong and show Canada has some leverage, and this is an example of that.” — Jack Caporal
May 22, 2017
Adam Taylor in The Hill Times clarifies how Canada will structure its approach to re-negotiating NAFTA.
May 21, 2017
May 19, 2017
May 19, 2017
February 15, 2017
February 15, 2017
PRESS RELEASE: Trade Experts Launch New Venture to Connect Businesses with 21st Century Supply and Demand
Export Action Global will help private and public sector clients navigate the dynamics driving global risk and opportunity and execute their growth strategies
OTTAWA – Two of Canada’s top trade advisors have joined forces to provide senior leaders with a comprehensive and flexible range of services which will enable them to transform their firms via global reach and perspectives.
Export Action Global represents the nexus of founders Adam Taylor and Fion Anastassiades’ 30 years of leadership in trade and customs, corporate planning, market development and public affairs.
“The trade winds that have fueled globalization, economic growth and job creation for over a generation are dramatically shifting and the wealth generating forces of open borders have come under threat,” said Export Action Global Principal and Co-founder, Adam Taylor. “The advent of Brexit and the election of Donald Trump in the United States are proof that senior decision-makers can no longer rely on business as usual.”
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For more information or to set up an interview please visit www.exportactionglobal.com or contact:
Adam Taylor (613) 809-9139
Fion Anastassiades (613) 791-7522