To counter China, Canada needs to go beyond an Indo-Pacific strategy
is timely. The strategy is primarily a reset of how Canada views China in the Xi Jinping era, pivoting away from what has become a dangerously dependent trade relationship. Worthy objectives, but it raises the question: Shouldn’t we have a comprehensive economic strategy for our own Western Hemisphere?The geopolitical calculus is twofold, not only in diversifying away from China but also in helping others in such diversification.
Since the North American free-trade agreement, we have concluded bilateral trade agreements in our hemisphere with Chile, Colombia, Costa Rica, Honduras, Panama and Peru. Today, Canada’s merchandise trade with the rest of the hemisphere, excluding Mexico and the United States, totals nearly $30-billion, and trade in services totals another $15.4-billion. With over one billion people, the Americas are an attractive market.
We have been in free-trade negotiations with the Mercosur trading bloc, which includes not only Brazil, but Argentina, Paraguay and Uruguay, since 2018. With Donald Trump wannabe Brazilian President Jair Bolsonaro on his way out and the Embraer irritant with Brazil now gone, it’s time for Canada to conclude a trade agreement with Mercosur, which has a population of nearly 300 million.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taiwan's top envoy to Canada talks trade and managing ChinaAs China pushes ahead with plans to take control of Taiwan, the island hopes Canada will show support by deepening foreign investment.
Read more »
COP15: China to present biodiversity framework for approval this morning | Globalnews.caChina is officially the president of COP15 and as such oversees the negotiations, but the meeting itself was moved to Canada because of ongoing COVID-19 restrictions in China.
Read more »
Alicia Keys Jokes That Canada Needs To ‘Apologize’ For Fan Kissing Incident At Vancouver ShowThe people of Canada owe Alicia Keys an apology. ET Canada's own Keshia Chanté sat down to talk with the music superstar and offered a big sorry for an incident at a show in Vancouver back in September. While Keys was walking down the aisle, performing her hit 'Empire State of Mind', a woman reached…
Read more »
Endangered wildlife committee keeps B.C’s humpback whales on the list - Terrace StandardEndangered wildlife committee keeps B.C’s humpback whales on the list
Read more »
Ford hikes U.S. price of cheapest F-150 EV again, Canada levelFord hikes U.S. price of cheapest F-150 EV again, Canada level — via drivingdotca PickupTrucks NewVehicles ElectricVehicles Ford
Read more »
Ford hikes U.S. price of cheapest F-150 EV again, Canada levelFord hikes U.S. price of cheapest F-150 EV again, Canada level — via drivingdotca PickupTrucks NewVehicles ElectricVehicles Ford
Read more »