Thursday, January 24, 2013

"The US no longer Canada’s most reliable trading partner"

Emphasis on "most."  Also, we could problematize what is meant by reliable when it comes to trade with other nations.  (Trade, copyright, cybersecurity, and China anyone?)

Kenneth Green plugs the Fraser Institute's recent ebook on America's 2012 elections, The US Election 2012:  Implications for Canada.

In doing so, Green suggests the overwhelming warm economic ties between Canada and the United States may cool.

From Green's article in Troy Media:

The general conclusion was that a second-term Obama administration is likely to continue on a protectionist trajectory, and to cement its role as an economic competitor of Canada’s, rather than its historically overwhelming role as a reliable trading partner.
...
Finally, Simon Fraser University Professor Alexander Moens concludes that the United States is going to shift from being Canada’s most reliable, and largest trading partner to a global rival; diversification of export markets needs to be Canada’s focus in coming years, as it has in the recent past. Professor Moens observes that “. . . the United States will not be willing to deal with Canada on trade and investment in a strategic manner until it needs cooperation with Canada . . . because of its own relative weakness vis-à-vis the rest of the world, and that will still be another decade or so.”

Moens concludes that for Canadians the message of the 2012 U.S. Presidential election is “The next phase of Canada’s economic development will likely take place in a political constellation of several world powers. Canada’s well-being will depend on a combination of competitive market factors at home and specific deals with multiple trade partners abroad among which the United States will likely still be the largest.”

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