Every other week, we release 5 Minutes for Business, a publication written by Hendrik Brakel, our Senior Director of Economic, Financial and Tax Policy. This week, Hendrik Brakel reflects on the Canada-U.S. trade partnership and how the uncertainty of the U.S.’s position on NAFTA could substantially impact employees, businesses and economies around the world.
Canada: We’re regarded as a peaceful, friendly country. When it comes to trade partnerships, we’re no different. During a time where much uncertainty surrounds the future of NAFTA, we could not be more poised to re-iterate the importance of the Canada-U.S. trade partnership. Canada has maintained a well-balanced trade relationship with the U.S., with our country acting as America’s primary export market as well as their number one source of new foreign direct investment.
In an effort to advocate NAFTA and a strong trading relationship between Canada and the U.S., we reached out to allies in the U.S. business community, including U.S. Chamber of Commerce President and CEO, Tom J. Donohue, who we hosted in Ottawa on February 6. Mr. Donohue has been rather outspoken about the recent talks surrounding NAFTA , warning that “withdrawing from NAFTA would be devastating for the workers, businesses and economies of our countries.”
Read 5 Minutes for Business to learn how Mr. Donohue feels about NAFTA and what's at stake for Canadian businesses.
For more information, please contact Hendrik Brakel.