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Expanding Canadian Trade Horizons

March 9, 2009
BiLaterals
3/6/2009

It is clear that Canada must lessen its dependency on the U.S., but if future free trade deals are based on the failed NAFTA model, they could prove costly. A steady diet of globalization is being offered as a solution to Canada’s economic woes. While there is a need to expand Canadian trade horizons, at the same time there is a push for further North American economic integration. Former Minister of International Trade, David Emerson, is calling for closer Canada-U.S. ties in the form of a customs union, further integration on regulatory matters, along with updating NAFTA to include labour mobility. He is also recommending that Canada advocate a North American security perimeter. Although under its current structure the Security and Prosperity Partnership might be dead, it appears as if plans for a North American Community or rather a North American Union, are still very much alive.

The story continues …..

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