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A U.S. China trade deal does not slow China’s rise
The original March 1 deadline has passed as the United States and China hash out a trade deal amid deadlocked negotiations. Any U.S.-China trade deal likely falls short compared to what the Trans-Pacific Partnership (TPP) could have been. Within current…
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Pacific rim trade pact goes ahead after Australia ratifies
Bangkok, Thailand — The Pacific rim trade pact abandoned by President Donald Trump will take effect at the year’s end after Australia became the sixth nation to ratify it. Australia announced Wednesday that it had completed procedures needed for the…
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Canada ratifies Pacific Rim trade deal after final vote in Senate
Ottawa, ON — A bill to enact a new trade pact with Pacific Rim countries has passed the legislative finish line, making Canada one of the first countries to ratify the 11-country deal. Approving the agreement, known as the Comprehensive…
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China attacks provision of new USMCA deal said to be aimed at Beijing
Ottawa, ON — China says it deplores a controversial new clause in the United States-Mexico-Canada Agreement that calls on the countries to notify each other if they enter into trade talks with a “non-market” economy. In a scathing statement, the…
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Not so fast: U.S. notes that interest in re joining TPP far from guaranteed
Washington, DC — On the heels of bombshell news that President Donald Trump is exploring the possibility of rejoining the Trans-Pacific Partnership, the United States is seeking to contain expectations. That note of caution is being signalled on multiple fronts.…
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Lawmakers say Trump exploring rejoining Pacific trade talks
Washington, DC — President Donald Trump has asked trade officials to explore the possibility of the United States rejoining negotiations on the Pacific Rim agreement after he pulled out last year as part of his “America first” agenda. Farm-state lawmakers…
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US to consider Pacific Trade re entry after other priorities
Santiago, Chile —The United States will consider rejoining a sweeping free trade agreement of Pacific Rim countries after it deals with other priorities, U.S. Treasury Secretary Steven Mnuchin said Wednesday. President Donald Trump withdrew the U.S. from the Trans-Pacific Partnership…
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No special treatment for U.S. if it wants to rejoin TPP: official
Ottawa, ON — The United States will receive no preferential treatment if it decides it wants to rejoin the sweeping Trans-Pacific Partnership that Canada and its 10 countries were to sign Thursday, says a senior Canadian trade official. The signing…
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Canada chasing trade deal with South American block after signing new TPP
Ottawa, ON — Canada is expected to announce Friday the start of formal free trade negotiations with the four-country South American trade bloc known as Mercosur. A spokesman for International Trade Minister Francois-Philippe Champagne says the negotiations could begin in…
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Auto and agri food sectors need funds to survive Pacific trade deal, Wynne says
Toronto, ON —Ontario Premier Kathleen Wynne says the province’s automotive and agri-food sectors will need billions in funding from the federal government to survive the impact of the recently rebooted Trans-Pacific Partnership. Wynne, who spoke Thursday to the Toronto Region…
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New TPP could hurt NAFTA talks because of impact on U.S.: auto sector
Ottawa, ON — American imports into Canada could fall by $3.3 billion under the recently rebooted Trans-Pacific Partnership, the federal government has concluded, sparking fears the new pact could hurt the ongoing NAFTA renegotiation. The text of the 11-country Pacific Rim…
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Auto industry skeptical of Canadian TPP side deal on autos with Japan
Ottawa, ON — Auto workers and manufacturers are rejecting assertions by Canada’s trade minister that the county won major access for them into the highly protected Japanese market in the recently rebooted Trans-Pacific Partnership. International Trade Minister Francois-Philippe Champagne told…