In this file:
· This Is What Canadians Think About a Trade Deal With China
· Trade Deal That Trump Quit Gets New Lease on Life
· CAFTA Disappointed By Lack Of Agreement On TPP
· Canada's Trade Issues at the Forefront this Week
This Is What Canadians Think About a Trade Deal With China
Canada releases results of consultation on possible trade deal
Canadians interested in trade deal, worried by other factors
By Josh Wingrove, Bloomberg
November 10, 2017
Canadians have mixed feelings about a trade deal with China, seeing opportunities to sell to a major market while worrying about "inconsistent rule of law," the Canadian government says.
Prime Minister Justin Trudeau’s government, which is weighing whether or not to launch free trade talks with China, published a summary Friday of its public consultations on the matter. While intrigued by the potential of China as a market for goods such as crops and oil, Canadians worry about the country’s state-run economy and its legal system, particularly a lack of enforcement of intellectual property rights. The consultations also found concern about labor and human rights, as well as the environment.
“As a whole, Canadians told us that they see both opportunities and challenges associated with a possible Canada-China FTA,” according to the summary, which was posted on the Global Affairs Canada website.
The consultation heard “widespread concern about the rule of law in China,” with stakeholders saying any trade deal would need a robust dispute settlement measure. The agriculture and forestry sectors largely want a pact, while Canada’s metals sector hoped any deal would “meaningfully address Chinese over-production” of aluminum and steel, the report said.
Nafta Warning ...
Trade Deal That Trump Quit Gets New Lease on Life
Canada warns months of work remain before any pact is final
Mexico says framework deal is a step in right direction
By Rosalind Mathieson and Isabel Reynolds, Bloomberg
November 10, 2017
A blockbuster Pacific trade pact abandoned by U.S. President Donald Trump has edged closer to becoming reality after days of tense talks in Vietnam.
Japanese Economy Minister Toshimitsu Motegi said the 11 remaining members of the Trans-Pacific Partnership had secured a framework agreement on how to salvage the deal. Canada, which had held out for a day on signing onto the agreement, said it had won some desired concessions while warning that work is needed to reach a full deal.
Motegi spoke to reporters in Danang late Friday night, after ministers held another meeting and confirmed the content of the broad agreement, which includes sections to be suspended after the U.S. withdrawal earlier this year. Motegi and his Vietnamese counterpart are set to hold a briefing on Saturday to unveil the content of the deal, he said.
"We reconfirmed the agreement from yesterday, including all the details of the wording used," Motegi said. "There’s no mistake,” he said, referring to initial claims from Japan on Thursday night that a deal had been struck that were disputed by other countries, causing confusion. No changes were made to the text, he said.
Canada’s Trade Minister Francois-Philippe Champagne defended the delay, saying he had refused to be rushed into an agreement on what he now called the Comprehensive Progressive TPP. The frictions in talks -- which saw the chief Vietnamese trade negotiator walk out late Thursday night in frustration -- had raised concerns the deal, which took years to negotiate, might collapse entirely.
“What we’ve been able to achieve is to preserve market access in Japan, we’ve been able to improve the progressive elements and we’ve also been able to suspend key sections like intellectual property which our Canadian stakeholders thought would have an impact on innovation,” Champagne said late Friday in an interview in Vietnam.
Read more: Canada Wants Good Deal Over Fast Deal for Big Pacific Trade Pact
“We did what’s right for Canadians,” he said. “This was never about this Friday, this was about the next decade, this is about shaping the terms of trade in the Asia-Pacific region.”
Champagne cautioned there was months of work ahead to bring the TPP to completion. “We made progress, but we clearly identified the things we still need to work on,” he said.
Work Programs ...
Intellectual Property ...
‘Unfair Trade’ ...
CAFTA Disappointed By Lack Of Agreement On TPP
by Cory Knutt, SteinbachOnline.com
09 November 2017
After much confusion, it appears a deal between the 11 countries remaining in the Trans Pacific Partnership (TPP) negotiations have not come to an agreement. The countries were scheduled to meet this week on the sidelines of the Asia-Pacific Economic Cooperation summit in Vietnam.
The Canadian Agri-Food Trade Alliance (CAFTA) is disappointed that Canada was not able to reach an agreement in principle.
“We’re disappointed an agreement has not been reached but are optimistic that our government will enable Canadian exporters to have competitive access to the Asia-Pacific in the near future,” said CAFTA President Brian Innes. “We will continue to press our federal government to achieve an agreement at the earliest possible opportunity. We need this deal in order to remain globally competitive.”
The organization has continued to press for a renewed TPP agreement, particularly since Canada became the second largest economy involved after the U.S. dropped out.
“It’s crucial that we get back on track with this one – and do it quickly,” Innes said...
Canada's Trade Issues at the Forefront this Week
By Cliff Jamieson, Canadian Grains Analyst, DTN/The Progressive Farmer
It was a roller-coaster ride for Canadian agriculture this week when it came to press releases surrounding the country's trade relations. On Thursday, we woke up to reports of "a deal in principal" among the 11 remaining partners in the Trans-Pacific Partnership as indicated by a Japanese government representative.
Media reported that only moments later that Canadian representatives declared that no such deal had been reached. "We're not going to sign a deal because we feel pressured into signing a deal -- we're going to make sure it's right for Canada and it's right for the world," stated Prime Minister Justin Trudeau while in Vietnam.
Brian Innes, president of the Canadian Agriculture and Agri-Food Trade Alliance (CAFTA), stated in a press release Thursday, "We are disturbed by news that the Canadian government is looking to make significant changes to a deal that's already been negotiated. We have a small window of opportunity. Demanding changes to the market access provisions could jeopardize the entire agreement." He went on to say, "It's crucial that we get back on track with this one -- and do it quickly. Not doing so will be extremely costly --losing opportunity overseas and economic growth and jobs here at home."
Friday's early reports suggested that Canada had sabotaged all hope of a deal by failing to attend a meeting along with the other 10 trading partners. The Liberal government's approach has brought condemnation from media both at home and abroad. Canada's Trade Minister Chrystia Freeland is in the media spreading the blame, saying other countries also have problems with the proposed deal.
Global media is now reporting that the TPP11 countries have come to "a substantial conclusion" on a deal, which involves searching for resolution on a number of issues at a later date. The Canadian Broadcasting Corporation reported that labor and environment standards promoted by Canada have been adopted in the deal...