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International Trade and Investment Agreements

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International Trade and Investment Agreements February 11 – PowerPoint PPT presentation

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Title: International Trade and Investment Agreements


1
International Trade and Investment Agreements
  • February 11

2
More than just NAFTA and the WTO
  • Canadas Free Trade Agreements, Foreign
    Investment Promotion and Protection Agreements
    (FIPAs) and other international economic
    agreements, both current and proposed.
  • List from the Department of Foreign Affairs and
    International Trade website
  • http//www.international.gc.ca/trade-agreements-ac
    cords-commerciaux/agr-acc/index.aspx

3
Secure Access to US Market?
  • The Softwood Lumber Dispute (1982 to present)
  • US producers have argued that Canada engages in
    unfair trading practices. Responding to the
    complaints, the US state has imposed various
    duties on Canadian softwood lumber imports to the
    US.
  • Canada has repeatedly won disputes through NAFTA
    and the WTO.
  • Unrelenting US pressure (and protectionism) has
    forced the Canadian government to the bargaining
    table, most recently resulting in the Softwood
    Lumber Agreement of 2006.
  • http//www.cbc.ca/news/background/softwood_lumber/

4
NAFTA Chapter 11 Investment
  • NAFTAs investor-state dispute settlement
    mechanism allows foreign investors to bring
    claims against NAFTA governments for
    infringements of the investor rights outline in
    chapter 11 of NAFTA.
  • Foreign investors have used chapter 11 to
    challenge a wide range of state actions,
    including environmental regulations.
  • Significant cases Ethyl, Myers and Metalclad
    (McBride, 153-156)
  • http//www.policyalternatives.ca/publications/repo
    rts/nafta-chapter-11-investor-state-disputes-janua
    ry-1-2008

5
NAFTA Chapter 11 Investment
  • In 2009, Dow Chemicals launched a suit over
    Quebecs ban on lawn pesticides.
    http//www.thestar.com/comment/article/624693
  • In 2009, Cargill was awarded US77.3 million in a
    dispute with the Mexican government. This is the
    largest award issued under Chapter 11 of NAFTA.
  • http//www.investmenttreatynews.org/cms/news/archi
    ve/2009/09/29/claim-by-cargill-leads-to-another-lo
    ss-for-mexico.aspx

6
National Procurement and Obamas Buy American
policy
  • James Laxer, A Raw Trade Deal for Canada Feb.
    5, 2010.
  • the Buy American provisions in the U.S. Recovery
    Act violate the spirit if not the terms of NAFTA
    that guarantee the right of Canadian firms to bid
    on U.S. federal government projects with the
    exception of defence contracts.
  • Canada and the US have recently a reached a
    tentative and controversial deal over the issue.
  • http//www.thestar.com/printarticle/761428

7
National Procurement and Obamas Buy American
policy
  • Laxer, A Raw Trade Deal for Canada
  • Under the deal, Canadian provinces and
    municipalities will permanently give up the right
    to favour local companies in awarding contracts.
  • Whenever the United States needs, in the pursuit
    of its own interests, to violate trade deals with
    Canada, it does so. It has done this for years on
    softwood lumber and now on the operations of the
    U.S. Recovery Act.
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