Word: nafta
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...Harper acknowledged a push by the U.S. to strengthen labor and environmental provisions under NAFTA, which underpins the world's biggest trade relationship, accounting for as much as $1.5 billion in daily trade between Canada and the U.S. prior to last year's economic meltdown. "We can address these concerns without opening NAFTA and unraveling a complex agreement," said Harper. The tough rhetoric Obama fired at NAFTA during the election campaign has been replaced by caution...
...Relations between U.S. Presidents and Canadian Prime Ministers have not always been so cordial. Ronald Reagan and Brian Mulroney, both of Irish descent, became fast friends who enjoyed fishing together and singing duets. The closeness of their friendship was a significant factor in the eventual signing of NAFTA. But Lester Pearson, Prime Minister in the '60s, delivered a scathing antiwar speech in Washington at the height of the Vietnam War. The next day at the White House, Lyndon Johnson issued a stern reprimand: "You peed on my rug!" Relations between the two never recovered. And Richard Nixon once famously called...
President Barack Obama is in Ottawa today for a private lunch with Prime Minister Stephen Harper, and the North-American economy is sure to be front and center. A softer "Buy American" provision in Obama's stimulus package that honors existing trade agreements such as NAFTA is sure to be discussed, as is the ongoing bailout of the North-American auto industry, which has deep roots in southern Ontario...
There are a lot of reasons. Currency manipulations by the Chinese, Japanese and Koreans. They've not enforced NAFTA or the trade laws. And the fact we don't have national health insurance...
...bring to the table. Mexico would undoubtedly want to discuss the U.S.'s new, restrictive migration policies and high corn subsidies for U.S. farmers, which hurt Mexican farmers. Canada may want to pursue new energy trade policies. Mexico's current conservative government has opposed reopening the terms of NAFTA, but recent political fractures in Canadanot to mention an increasingly complex global economic situation will likely keep the debate lively well past NAFTA's next anniversary...