Canada's Trade Reputation takes a hit in Asia

[Argus]

Canada's mounting regulatory walls that prevent resource development and export are alarming our Asian trading partners, and causing them to doubt whether we're a reliable trading partner. Canada's economy is going to take a big it in the coming years due the lack of development and export, as well as the lack of foreign investment - all laid at the door of Trudeau and his zealous environmental regulations. Why invest money in Canada when it will likely be a decade, if that, before the go-ahead will be given to start?

Has Canada lost its opportunity in Asia? That may seem an odd question given the optimism surrounding the Trans-Pacific Partnership agreement (TPP), but on the other side of the Pacific, it is a real debate.

Canada’s reputation as an unreliable supplier of goods, its hostility toward its own natural resource endowment and a stubborn refusal by the federal government to even acknowledge that there is a problem – much less take decisive action – are hardening Asian skepticism toward Canada as a trade partner.

Lost sales and lost investment are on the line. Japan has recorded more than 1,000 overseas acquisitions totalling a record US$191-billion last year and its foreign investment is projected to go even higher this year. A country that is trying so hard to diversify its economy from the United States and is so leery of China simply cannot afford to miss out on Japan’s investment spree. Yet, instead of encouraging Japanese investment, Canada’s actions (or lack thereof) speak loudly to deter it.

On being a reliable supplier, Canada’s ranking on the perception of the quality of its trade infrastructure speaks for itself and speaks loudly in Asia. Canada has in the World Bank performance on trade logistics rankings from Top 10 just more than a decade ago to 20th today – and, given Canada’s frustrating lack of investment in key trade infrastructure, this ranking is poised to drop further. Canada’s sub-ranking for timeliness is even lower, at 22nd. This drop comes just as the TPP agreement gives Canadian exporters significant tariff advantages over the Americans and levels the tariff playing field in the booming global middle-class markets of the TPP and also of course the outright rich market of TPP member Japan, the world’s third largest economy.

The worry in Asia is not just that Canada cannot deliver goods today but more that, unlike other countries selling to Asia, it cannot assure that it will be able to do so reliably in the future. What Asia has seen from Canada is brief spurts of attention to trade infrastructure and then loss of interest, knowledge, capacity and focus as governments and domestic political winds change.

https://www.theglobeandmail.com/business/commentary/article-canadas-trade-reputation-takes-a-hit-in-asia/

[bush_cheney2004]

If only the Americans (Trump) would continue to spend blood and treasure to preserve the "post WW2 order" and trading framework as Freeland has begged many times.

From the same article....

 

Quote

Even Canada’s competitors in these markets are worried. Given the void of U.S. leadership, countries that fight for market share need Canada in Asia for strategic political reasons. They are worried that Canada remains unaware of its diminished reputation. This is taken by some to mean that Canada will continue to be an unreliable provider of goods, and by others to mean Canada is not really interested in Asia and will be an unreliable ally.

https://www.theglobeandmail.com/business/commentary/article-canadas-trade-reputation-takes-a-hit-in-asia/

 

It seems that Canada's current government not only cannot fill the "void" in leadership on trade and many other matters, it has only made things worse...and is willfully unaware of its diminished importance on the world stage.

 

[egghead]

Not only an unreliable trading partner; JT and his minions turn Canada to a hostile environment for foreign investors 

[bush_cheney2004]

Asian nations now have reason to believe that Canada no longer has the will or political control to invest in and export resources as in the past.   

This is a huge step backwards from at least being competitive for raw materials, mining, etc.

Canada is closed for business until the current incompetent government falls.

[cannuck]

2 hours ago, bush_cheney2004 said:

It seems that Canada's current government not only cannot fill the "void" in leadership on trade and many other matters,

That is mostly because Canada's government is nothing but a void at this time.

[bush_cheney2004]

19 minutes ago, cannuck said:

That is mostly because Canada's government is nothing but a void at this time.

 

Agreed....say what they will about Harper, but Canada was never so diminished as it is now.

Energy policy, carbon taxes, pipeline deadlocks, inter-provincial fighting, foreign policy disasters....WTF ?

 

Edited March 28, 2019 by bush_cheney2004

[Zeitgeist]

4 hours ago, bush_cheney2004 said:

 

Agreed....say what they will about Harper, but Canada was never so diminished as it is now.

Energy policy, carbon taxes, pipeline deadlocks, inter-provincial fighting, foreign policy disasters....WTF ?

 

And yet Canada is one of the last bastions of a progressive democracy.  The US has gone backwards and pissed off the world. 

[bush_cheney2004]

2 hours ago, Zeitgeist said:

And yet Canada is one of the last bastions of a progressive democracy.  The US has gone backwards and pissed off the world. 

 

Slow clap.....that will not pay the bills.

More immigrants still go to the U.S. than to Canada.

[Zeitgeist]

6 hours ago, bush_cheney2004 said:

 

Slow clap.....that will not pay the bills.

More immigrants still go to the U.S. than to Canada.

Then can you please explain the migrations across your northern border to Canada?

[bush_cheney2004]

8 hours ago, Zeitgeist said:

Then can you please explain the migrations across your northern border to Canada?

 

Same as the illegals going south.

TPP nations in Asia want substantive trade policies and actions (with backdoor access to the much larger U.S. market).

Even Mexico ran circles around Trudeau/Freeland on NAFTA 2.0....they will not be filling any "void".

 

Edited March 28, 2019 by bush_cheney2004

[egghead]

11 hours ago, Zeitgeist said:

Then can you please explain the migrations across your northern border to Canada?

C'mon, you can do better than that , we see no US leftist moving to Canada even though trump is potus

[Zeitgeist]

3 hours ago, bush_cheney2004 said:

 

Same as the illegals going south.

TPP nations in Asia want substantive trade policies and actions (with backdoor access to the much larger U.S. market).

Even Mexico ran circles around Trudeau/Freeland on NAFTA 2.0....they will not be filling any "void".

 

The most helpful aspect of USMCA came from Canada, the condition that at least 40% of auto jobs pay at least $16.00 per hour.  Our immigration is also more merit based with its point system.  It doesn’t matter.  You only see yourselves. 

We could talk about the celebrities who bought places up here, from Prince to Michael Douglas.  It doesn’t matter.  You have made up your mind about Canada. I don’t know how many times I heard us described as nanny socialist social justice warrior commie snowflakes.  We could call Americans quasi-fascist war mongerers.   I won’t though. 

[bush_cheney2004]

4 minutes ago, Zeitgeist said:

The most helpful aspect of USMCA came from Canada, the condition that at least 40% of auto jobs pay at least $16.00 per hour.  Our immigration is also more merit based with its point system.  It doesn’t matter.  You only see yourselves. 

We could talk about the celebrities who bought places up here, from Prince to Michael Douglas.  It doesn’t matter.  You have made up your mind about Canada. I don’t know how many times I heard us described as nanny socialist social justice warrior commie snowflakes.  We could call Americans quasi-fascist war mongerers.   I won’t though. 

 

I did not write the G&M article...ignore the reality of your ruling government's missteps and diminished influence all you want.

Canada does need a cheerleader at this time of domestic and international failings...may as well be you.

[Owly]

10 minutes ago, bush_cheney2004 said:

 

I did not write the G&M article...ignore the reality of your ruling government's missteps and diminished influence all you want.

Canada does need a cheerleader at this time of domestic and international failings...may as well be you.

And Trump needs a whole lot more than a cheerleader. Barr's attempt with his 4 pager fell flat.

[bush_cheney2004]

Just now, Owly said:

And Trump needs a whole lot more than a cheerleader. Barr's attempt with his 4 pager fell flat.

 

Off topic and irrelevant....Trump still matters far more than Trudeau for world trade.

[Owly]

5 minutes ago, bush_cheney2004 said:

 

Off topic and irrelevant....Trump still matters far more than Trudeau for world trade.

So please take your China girl from us that we hold at your request and we'll get back to full trade with China.