By Heather Scoffield Economics Columnist Tues., May 14, 2019 Playing chicken, gaslighting, and nasty, foreshadowing tweets — Canada’s experience with White House trade negotiations may be a distant memory now, but those recollections could prove useful during these days of U.S.-China brinksmanship. As markets oscillate wildly, lurching from tweet to tweet, Canada has been there, done that, and can perhaps take a less panicked view of the trade war that’s turning the global economy upside down. Of course, the U.S.-Canada relationship is different than the U. S-China relationship, but we were a dry run for the protectionist president. If there were a handbook on how Donald Trump’s White House handles trade negotiations, Canada’s experience would be a case study in many tactics. Some of the points the handbook would make: Playing chicken: Trump’s team has a penchant for issuing threats to win concessions. In the NAFTA talks, … [Read more...] about Canada was Donald Trump’s warm-up for China trade talks
Canada u s border
By The Associated Press Sat., May 11, 2019 GENEVA - Nearly every country in the world has agreed upon a legally binding framework to reduce the pollution from plastic waste except for the United States, U.N. environmental officials say. An agreement on tracking thousands of types of plastic waste emerged Friday at the end of a two-week meeting of U.N.-backed conventions on plastic waste and toxic, hazardous chemicals. Discarded plastic clutters pristine land, floats in huge masses in oceansand rivers and entangles wildlife, sometimes with deadly results . Rolph Payet of the United Nations Environment Program said the “historic” agreement linked to the 186-country, U.N.-supported Basel Convention means that countries will have to monitor and track the movements of plastic waste outside their borders. The deal affects products used in a broad array of industries, such as health care, technology, aerospace, fashion, food and beverages. Article Continued Below … [Read more...] about Landmark UN plastic waste pact gets approved, but not by U.S.
WASHINGTON: China has pledged to stem a flood of the synthetic opioid fentanyl onto America's streets, where it kills thousands of people a month, but U.S. security experts are skeptical about whether Beijing is willing, or even able, to follow through.Ten current and former U.S. officials, congressional sources and China and trade experts told Reuters in interviews that China cooperates only when it believes it will get something in return.In this case, several said, Beijing appears to have offered its help so that it could get the best deal possible from Washington in trade negotiations."Will they enforce this, or is this just another gesture to be used to secure something they want?” said Robin Cleveland, vice chair of the congressional U.S.-China Economic and Security Review Commission, which monitors the national security impact of bilateral trade and economic ties."I think they would hope to leverage it in some meaningful way in the context of trade talks," she said.Those … [Read more...] about Trade frictions raise questions about China’s fentanyl promise
TORONTO: A tiny, little-known government agency is ramping up regulation of Canada's pharmaceutical industry, seeking to rein in prices for patented drugs that are among the highest in the world, according to industry sources and a Reuters analysis of government data.The federal Patented Medicine Prices Review Board (PMPRB) is targeting an increasing number of expensive drugs, including a rare-disease medication made by Horizon Pharma that can cost CUS$325,000 (US$253,409) a year, documents reviewed by Reuters shows.The agency can challenge the list price of any patented drug in Canada and order companies to repay some revenue. Data show the number of open PMPRB investigations into potentially overpriced drugs has more than doubled since 2013, reaching 122 as of March 2018.(See graphic on escalating enforcement actions here https://tmsnrt.rs/2LuY5og)New proposed regulations could enhance the PMPRB's powers and help set a broader agenda for taming prices in Canada.This shift toward … [Read more...] about In Canada, a little-known drug regulator shows its teeth
By Brian Lee Crowley Justin Mohammed Opinion Tues., April 30, 2019 Are the federal Liberals right to make it more difficult for immigrants and refugees to enter Canada from the United States? Brian Lee Crowley, managing director of the Macdonald-Laurier Institute, argues Yes, while Justin Mohammed, a human rights law and policy campaigner at Amnesty International, argues No. Yes, Canada would be right to tighten its borders, particularly with respect to those who have been entering Canada illegally. Unfortunately, while the government is making noises that it wants to do so, there is little evidence that those measures will be effective. Let’s begin with why it would make sense to toughen border controls. Canada’s highly successful postwar immigration policy, supported by an all-party political consensus and public opinion, has never been laissez-faire about who gets in. On the contrary. That admirable policy has always been premised on the idea that … [Read more...] about Is Canada right to tighten its border?