CANADA NAFTA treaty, which includes the North American countries,

 

 

 

 

 

 

 

 

 

CANADA

 

TRADE AND ECONOMY

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!


order now

 

 

 

 

Instructor:-

Leonidas Gontzes

 

Prepared by:-

Abdulla Abushah

 

Introduction

 

Canada is
one of the largest countries in terms of area and population, with an area of
??9.984.670 square kilometers. In terms of population, Canada has a population
of approximately 344,766,888. Canada is located on the North American
continent. Canada is divided into three regions and ten provinces., bordered by
the United States of America, the Atlantic Ocean to the east and the Pacific
Ocean to the west. The United States and Canada has the longest border line in
the world. The government is a liberal government led by Prime Minister Justin Trudeau. Which it
makes a difference point of view in Politics, economics and trade perspective.

Canada is
one of the important economic countries and one of the developed and productive
countries. Canada links several political and economic treaties, for example
the NAFTA treaty, which includes the North American countries, including the
United States, Canada and Mexico. Canada is one of the richest countries in
terms of per capita income and it is also a member of the Group of Eight (G8).
Canada has joined the list of the largest trading countries, and Canada relies
on exporting its products to some countries such as the United States, the United
Kingdom and Japan (where it is the most heavily exported).

The Canadian
economy is considered to be a mix of products including the wood and oil
industry. Canada is also one of the major energy exporters for the acquisition
of huge quantities of natural gas, making it the second largest reserve in the
world after Saudi Arabia, which allowed the Canadian government to employ more
than three quarters Canadians in both private and public sectors.

As a
follow-up to the Canadian political and economic news, we analyzed the
conflicting point of views in Canada from October 2017 to January 2018, and we
will explain them briefly in the upcoming articles.

 

The
renegotiating of NAFTA.

 

Canada, the
United States and Mexico will begin meetings to renegotiate the North American
Free Trade Agreement (NAFTA) at the request of US President Donald Trump, who
has put the issue among his top political priorities.

Negotiators
from the three countries has met in the US capital to update the trade
agreement in force since 1994, which has helped boost trade.

“It’s
time to do that,” Trump said.

Trump has
long denounced the deal as a “disaster,” saying it is responsible for
the loss of many jobs in the United States.

The
president is supported by a part of the democratic opposition.

“NAFTA
is directly responsible for the transfer of one million jobs with lucrative
salaries abroad,” said party deputy Rosa Delauro.

Washington
plans to discuss trade imbalances with Mexico, which since the signing of the
agreement have moved from a surplus of $ 1.6 billion to a deficit of $ 64 billion.

The
agreement is vital to Mexico’s economy, with the United States accounting for
80 percent of the country’s exports, mostly manufacturing products such as
automobiles and agricultural products.

“The
deficit is a big problem that needs to be addressed,” a US Commerce
Department official said, declining to be named.

Khaym
Zabladovsky, who negotiated the original agreement on the Mexican side, said
the problem of US deficits could not be resolved within the “framework of
trade relations.”

“The
deficit is linked to the macroeconomic situation, the US spends more than it
produces,” he said, referring to the views of many economists.

The starting
point for the renegotiation of NAFTA is to reach a “more balanced and
favorable trade agreement for jobs that are rewarding to the Americans and
contribute to economic growth in the United States,” the official said.

Negotiations
with Canada, the most important customer and largest energy source for the
United States, are expected to be calmer. The exchanges between the two
countries under the NAFTA agreement remain broadly balanced.

“These
negotiations are a sign of a serious and serious moment for all of us,”
Canadian Foreign Minister Christy Freeland said, not excluding “tough
positions” during the negotiation process.

She stressed
that the Canadian negotiators will adopt a constructive but firm attitude in
Washington, noting that “tact and strength are not contradictory.”

“We are
committed to a good agreement, not just any agreement,” Freeland said.

The most
important point will undoubtedly be a review of the dispute resolution
mechanism known as Chapter 19, which allows arbitration of disputes concerning
compensation and dumping.

The United
States plans to cancel the chapter, which has so far been favorable to Canada
in the dispute over wood for construction.

The dispute
has seen many fluctuations since 1983, with American producers accusing their
Canadian counterparts of exporting wood to the United States at dumping prices,
less than the cost of production.

On the issue
of Chapter 19, Canadians can rely on the support of Mexicans who wish to retain
this mechanism.

“This
mechanism guarantees impartiality and objectivity in resolving the dispute and
avoids the possibility of considering these cases before an American, Canadian
or Mexican court,” said the Mexican senator from the opposition National
Action Party, Ernesto Cordeiro.

Talks this
week are the first round of a series to be held alternately in the three
countries. The second round will be held in Mexico on October 5 while the third
will take place in Canada at an undisclosed time.

Despite many
disparities, Americans want to speed up the process.

“We
have an aggressive agenda for these negotiations,” said the official at
the Ministry of Commerce.

 

Canada’s
plan to receive one million immigrants

 

Canada has announced that it will
welcome more than 1 million immigrants over the next three years in an effort
to stimulate economic growth and innovation.

Canada will raise the proportion of
immigrants during each of the next three years, where it will receive 310
thousand migrants in 2018, and 330 thousand immigrants in 2019, and to welcome
the 2020 by 340 thousand immigrants.

“Immigrants will
contribute through their qualifications to support the economy and innovation,
and will help preserve our country’s top positions in the global economy,”
said Canadian Immigration Minister Ahmed Hussein.

The Canadian government statement
said the ministry aims to raise the permanent population by 1 percent by 2020.

According to data released by
Statistics Canada in 2011, the largest number of immigrants to Canada comes
from Asia and the Middle East.

Canada’s economy is expected to grow
by 3 percent in 2017, but will fall to 1.8 percent by 2019.

 

Plan details

Of all these newcomers, about
565,000 will be accepted through economic programs, with a quarter of that
coming from one of the Federal Express programs under the Express Entry system.

Xpress Intre is a fast-paced system
for applications for certificate holders and scientific expertise.

184,000 economic migrants and their
accompanying family members will be admitted through the Provincial Nominee Programs,
which allow provinces and territories to nominate individuals based on their
ability to stabilize the labor market in those areas.

Among other economic programs,
Quebec will welcome 94,000 migrant workers.

Another type of migration is the
reunification of approximately 250,000 couples and children with their parents
already residing in Canada.

The third type, including
resettlement of refugees, will target about 43 thousand refugees for permanent
residence by 2018, 45650 in 2019 and 48,700 in 2020.

 

Oil leaks from Keystone pipes.

 

The Keystone
Pipeline is a pipeline linking the United States of America and Canada, through
which the daily oil between the two countries is shipped, starting from the
province of Alberta through the state of Illinois and Texas. These pipelines
were licensed to operate in 2010 .

Trans Canada, the operator of the
controversial Keystone pipeline, said Thursday that part of the pipeline had
been shut down because thousands of gallons of oil had leaked in South Dakota.

“We are responding
immediately to an accident in Amherst (South Dakota),” the company said on
Twitter. “We have activated emergency response procedures and sent ground
crews to assess the situation.”

The crew closed the pipeline at
about 6:00 a.m. local time (1200 GMT) after a drop in pressure was detected as
a result of the leak being investigated, the company said in a press release.

The estimated oil volume is
estimated at about 5,000 barrels, according to the company based in Calgary,
Canada.

A South Dakota environmental
official told NBC News that the smuggled oil appeared to be confined to an
agricultural area and had not reached any waterways.

Part of the pipeline leak is located
within a low-density area in Marshall County County. “The leak was
completely isolated within 15 minutes and emergency response procedures were
activated,” the company said.

Trans-Canada experts in emergency
management, engineering, environmental management and safety assess the
situation, she said.

 

 

Canada Complains United
States

 

Canada filed
a complaint with the World Trade Organization (WTO) accusing the United States
of violating international trade rules.

The
complaint targets US practices relating to tariffs on what is supposed to be
aid and selling products at less than their cost.

The measure
comes amid disputes between the two countries over issues such as dairy
products, aircraft sales and timber.

The two
countries are also engaged in vigorous efforts to renegotiate the North
American Free Trade Agreement (NAFTA).

US President
Donald Trump has threatened to abandon the deal, which sets terms of trade
between the United States, Mexico and Canada.

His
administration has also taken a more protective stance on trade and has taken
action in a number of disputes that it says are dumping products in the United
States.

Canada
accuses the US International Trade Commission (ITC) of taking decisions during
conflicts in Washington’s favor.

Canada filed
a complaint with the WTO on 20 December. The complaint was circulated among the
WTO members on Tuesday.

This
complaint takes 60 days for consultation. If not resolved at that time, they
are subject to dismissal by a WTO Committee.

The United
States representative to the World Trade Organization said Canada’s complaint
was “an unjustified attack on the US trade system”, stressing that
“all Canadian accusations are baseless and may reduce US confidence in
Canada’s commitment to any reciprocal agreements.”

US Commerce
Secretary Wilbur Ross also expressed confidence that his country would win any
international arbitration case.