Articles on Trade

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Cargo containers from Asia are seen in the port of Vancouver in 2015. Canada needs to diversify its trade beyond the United States and increase our links to rapidly growing emerging market economies, particularly in Asia. (Shutterstock)

The urgent need for Canada to diversify its trade

Canada needs to diversify its trade beyond the United States and increase links to rapidly growing emerging market economies, particularly in Asia, despite the "anti-China" clause in the USMCA.
A diplomatic thaw has occurred between Australia and China, as Foreign Minister Marise Payne meets Chinese Foreign Minister Wang Yi. AAP/EPA/Thomas Peter/ pool

Australia and China push the ‘reset’ button on an important relationship

Marise Payne this week became the first Australian foreign minister to visit China in three years – another indication that the frost in the relationship is thawing.
U.S. President Donald Trump announces a revamped North American free trade deal in the Rose Garden of the White House in Washington on Oct. 1, 2018. (AP Photo/Pablo Martinez Monsivais)

Make no mistake: The USMCA is an America-first trade deal

The USMCA, if ratified, will fundamentally alter North America’s political and economic structures, increasing American dominance over its neighbours.
Shipping containers are stacked at the Fairview Cove Container Terminal at the Halifax port on Oct. 19, 2018. THE CANADIAN PRESS/Andrew Vaughan

Canada’s ports policy needs to move into the 21st century

Canada's ongoing Port Modernization Review should lead to greater clarity of port purpose, less political control through board appointments and better reporting standards.
Prime Minister Justin Trudeau and Minister of Foreign Affairs Chrystia Freeland hold a news conference on the United States Mexico Canada Agreement (USMCA) in Ottawa on Oct. 1, 2018. THE CANADIAN PRESS/Justin Tang. THE CANADIAN PRESS/Justin Tang

How the new USMCA strengthens Canada in future trade deals

The USMCA, while imperfect, is overall a positive development for Canada. It has a number of structural elements that may very well leave us stronger when negotiating trade pacts in the future.
Ministers Lim Hng Kiang, David Parker, J. Jayasiri, François-Philippe Champagne, Steven Ciobo, Heraldo Muñoz Valenzuela, Dato Pehin, Toshimitsu Motegi, Ildefonso Guajardo, Eduardo Ferreyros and Tran Tuan Anh at the signing of TPP-11 in Santiago, Chile, March 8 2018. Mario Ruiz/EPA

The Senate is set to approve it, but what exactly is the Trans Pacific Partnership?

Labor says it will wave through the 11-nation Trans Pacific Partnership deal, then amend it in government. That won't be easy.
The trade deficit, and how much a country exports or imports, is only part of the story. AP Photo/Reed Saxon

Why trade deficits aren’t so bad

Americans seem to believe trade deficits are a bad thing, partly because of arguments suggesting they mean the US is 'losing.' An economist explains why that's rubbish.
Prime Minister Justin Trudeau and Minister of Foreign Affairs Chrystia Freeland arrive to hold a news conference on the United States Mexico Canada Agreement (USMCA) in Ottawa on Oct. 1, 2018. THE CANADIAN PRESS/Sean Kilpatrick

The winners and losers in the new NAFTA

Who are the winners and losers in the new USMCA? It's complicated, but one thing's for certain: Canada should never again allow itself to be overly dependent upon one trading partner.
Prime Minister Justin Trudeau gives a thumbs up as he arrives on Parliament Hill the morning after an agreement was reached on a new trade deal with Mexico and the U.S. THE CANADIAN PRESS/Justin Tang

NAFTA has been replaced, but at what cost to Canada?

The relief that the U.S. didn’t make things even worse for Canada in the new NAFTA should be tempered by the realization that the moment of reckoning hasn’t passed; it’s only been postponed.

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