GFM Network News

Canada, EU, China, others agree on temporary fix to WTO crisis

Reading Time: 2 minutes Brussels/Davos | Reuters — Canada, the European Union, China and 14 other World Trade Organization members agreed on Friday to create a temporary mechanism to settle trade disputes after U.S. action rendered the WTO incapable last month of acting as the umpire of global trade. The Canadian government and the European Commission said separately that […] Read more

U.S. seen likely to win in effort to shut down WTO’s appeals court

Reading Time: 2 minutes Geneva | Reuters — The United States is likely to succeed in shutting down the World Trade Organization’s supreme court because other WTO members are powerless to stop it, diplomats, lawyers and officials said at a conference in Geneva on Friday. The United States has blocked appointments of judges to the Appellate Body, throwing the […] Read more

Canada, U.S. deal saves NAFTA as trilateral pact

Reading Time: 3 minutes Ottawa/Washington | Reuters — The U.S. and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, US$1.2 trillion open-trade zone that had been about to collapse after nearly a quarter century. In a big victory for his agenda to shake up an era of global […] Read more

Trump slams Canada over NAFTA, says rejected Trudeau meeting

Reading Time: 3 minutes United Nations | Reuters — U.S. President Donald Trump on Wednesday blasted Canada over the slow pace of talks over NAFTA, saying he was so unhappy that he had rejected Canadian Prime Minister Justin Trudeau’s request for a one-on-one meeting. The remarks by Trump, who repeated a threat to impose tariffs on Canadian autos, knocked […] Read more

Dispute resolution in focus as NAFTA talks drag

Reading Time: 3 minutes Toronto/Washington | Reuters –– Canada and the United States ended talks to revamp the North American Free Trade Agreement (NAFTA) on Friday without reaching a deal. One longstanding issue is Chapter 19 of NAFTA, a dispute resolution mechanism that the United States significantly scaled back in a bilateral deal it reached with Mexico. What is […] Read more

Fear, frustration on dairy farms as trade concessions sought

Reading Time: 3 minutes Winnipeg/Montreal | Reuters — Marie-Pier Vincent, a fourth-generation Quebec dairy farmer, worries it will be even harder to make ends meet if Canada allows more tariff-free imports of milk products from the U.S. under a reworked North American Free Trade Agreement. Vincent, 28, is already looking for a second job to pay back the money […] Read more

U.S., Mexico reach NAFTA deal, turning up pressure on Canada

Reading Time: 3 minutes Washington | Reuters — The U.S. and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact. Auto stocks soared and financial markets firmed on the expectation that Canada […] Read more

B.C. plans trade challenge of Alberta’s wine ban

Reading Time: 2 minutes The Alberta government’s ban on imports of wine from British Columbia is poised to be the first case challenged under the new interprovincial Canadian Free Trade Agreement (CFTA). The British Columbia government announced Monday it will formally challenge the Alberta ban through the CFTA dispute settlement process. Alberta Premier Rachel Notley on Feb. 6 ordered […] Read more