Contributing Lawyers

Canada

Cyndee Todgham Cherniak

United States

Susan Kohn Ross

Australia

Andrew Hudson



Canada Not Reassured By Talks with President-Elect Obama's Advisors

Some in Canada are not convinced that U.S. President-Elect Obama will act in the best interests of the North American economy.  I, for one, think that the talks of renegotiating NAFTA will lead to uncertainty, which will in turn result in problems for the economy.  I also believe very strongly if Pres0dent-elect Obama's transition team actually look at NAFTA, the comprmises reached after NAFTA was signed, the NAFTA Chapter Eleven case law and the words in the Environmental and Labour Side Agreements, they should conclude that the trade deal is BETTER than advertised during the election.

It is also important to note that the transition team are not sending warm and fuzzing signals towards Canada.  Finance Minister Jim Flaherty says he's met Barack Obama's economic advisers and isn't reassured by their talks on free trade.
Flaherty acknowledged that the U.S. president-elect made some "protectionist-type" comments during his campaign. Flaherty says he spoke recently to Obama's advisers about the issue of protectionism, but can't say he was reassured by the discussion.

If the Canadian Finance Minister is not reassured, Canadians should be worried.

 

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