Earlier this month, Canadian Prime Minister Justin Trudeau traveled to Beijing and met with his Chinese counterpart, Li Keqiang, to discuss enhanced trade relations. Talks on a potential free trade agreement failed to advance, but they agreed to continue preliminary discussions. In an email interview, Stewart Beck, president and chief executive of the Asia Pacific Foundation of Canada, discusses the nature of economic ties between Canada and China, the prospects for a free trade agreement in the future, and why Canada is looking to diversify its options as NAFTA’s fate remains up in the air. WRP: Canada and China are [...]
On the sidelines of the leaders’ summit for the Asia-Pacific Economic Cooperation forum, or APEC, earlier this month in Vietnam, the remaining members of the Trans-Pacific Partnership—the mega-regional free trade pact that includes Japan, Canada, Mexico, Australia, New Zealand, Chile, Peru, Malaysia, Vietnam, Singapore and Brunei—agreed on most elements of a deal to salvage it in the form of a new, so-called TPP-11. In late January, in one of the first moves after taking office as U.S. president, Donald Trump followed through on his campaign promise to withdraw the United States from what had been Barack Obama’s signature economic achievement [...]
After President Donald Trump withdrew the United States from the 12-nation Trans-Pacific Partnership in January, the trade deal’s remaining members resolved to carry on without their biggest partner. Earlier this month, at a meeting in Vietnam, they agreed to new core terms, despite the last minute vacillation by Canada’s prime minister, Justin Trudeau. While Canada’s continued hang-ups about the TPP have stalled a final agreement, many experts believe the U.S. departure from the deal may actually put Canada in a better position than before. In an email interview, Dan Ciuriak, a senior fellow at the Centre for International Governance Innovation [...]
