Sunday 30 September 2018

2018-09 Nafta saga so far

In this article,  the Globe and Mail provides a detailed summary of the issues related to NAFTA.  Read it if you are interested - it is too long to summarize.
A few important points:
- Canada is much more dependent on NAFTA trade than the US (obviously); only two US states (Vermont and Michigan) export more than 10% of theri output to Canada; all Canadian provinces export more than 10% of output to the US;
- but: Canada is number 1 trading partner of 35 US states; number 2 for most of the remaining states
- the contentous issues are the dairy protection, dispute settlement and, the Globe article adds, the softwood lumber issue, that has been a thorn in US-Canada relations for a long time.

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