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Looming NAFTA Renegotiation Clouds Alberta’s Trade Outlook

Posted July 24, 2017

Under Economic Issues, International Trade Issues

(Deborah Yedlin – Calgary Herald)

To panic, or not to panic, is a predicament faced by Canadian business leaders after the United States this week outlined its desired outcomes from a renegotiation of the North American Free Trade Agreement.

Canadians have reason to worry, particularly when it comes to the Americans’ intent to do away with the dispute resolution mechanism used in five separate instances to resolve softwood lumber disputes, each of which sided with Canada.

At this point, it appears the U.S. wants to have disputes resolved through its court system, which would be neither efficient, desirable or cost-effective for Canadian companies. Click here to read more.