Posted Date: 15/10/2018
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The poison pill clause is the extortion of Americans

Canadian media: The "poison pill" clause is the extortion of Americans!

 original title: Research says Canada needs trade with China, but the US-Canada agreement makes it harder

The " poison pill " clause surprised the legal profession. Many experts predict that it will increase the difficulty of trade negotiations between Canada and China. The study of the Ottawa Research Institute Public Policy Forum believes that strengthening trade with China is precisely what regulators need to do.

The head of the forum, Edward Greenspon, explained: “If you don’t include China, it’s not really a diversification strategy. China accounts for 33% of global economic growth. This number is no small, it exceeds the sum of the rest of Asia. "This clause has triggered (Canada) dissatisfaction." Greenspon said that the clause exposed the consequences of adding trade to the United States.

The study entitled "Diversity, Not Dependence: Canada's China Strategy" says that not only should regulators trade with China, but also consider linking the Canadian market to China's accelerated growth, thereby promoting our economy," If you want to diversify, create jobs and opportunities, and bring higher incomes to Canadians, you can't talk about it unless you trade with a faster-growing, larger country like China."

The Americans want to make sure that we are still under the influence of American politics and not close to a country like China," said Wally Haggasi, an economics expert at the University of Toronto's Rotman School of Business. He said that the policy circle has called for strengthening relations with China. Sometimes, many people think that increasing trade with China is in line with the best interests. "Americans can extort Canadians and say that China or us." Greenspon said that there are several potential ways to make trade with China not Will violate the US-Canada trade agreement. For example, avoiding the FTA and adopting a sub-sectoral trade approach. In addition, Canada-China trade demand is complementary in many industries. For example, China needs safe food and protein, Canada's agriculture is very strong; China wants to obtain natural resources from more trading partners, which is Canada's long term.

From the attitude of the Trump administration, it may oppose Canada's strengthening of trade with China, but the current government is unlikely to be in power forever. Canada should find ways to take the initiative to contact China, while paying attention to appease the irritating grizzly bear in the south.

Research says Canada needs trade with China but the US Canada agreement makes it harder


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