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Thread: USMCA ratification delayed in Canada

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    USMCA ratification delayed in Canada

    President Trump may have already celebrated the passage of the United States-Mexico-Canada Agreement on trade, but the deal hasn't yet been ratified by Canada, and it may not be for weeks.
    "It is a major economic issue for the regions. We can't just move on," Yves-Francois Blanchet, leader of the Canadian Parliament's Bloc Quebecois, tweeted Thursday. Blanchet promised "developments in the coming days" but gave no further details. Bloc Quebecois and other relatively small opposition groups have used parliamentary procedure to slow the deal.
    Canadian Prime Minister Justin Trudeau negotiated the deal with the U.S. and Mexico and is dedicated to getting it ratified. However, his Liberal Party lost its majority in the October election, obligating it to work in a coalition with other groups. That does not appear to have undermined the trade deal in Parliament, but it has made fast-tracking its ratification impossible. The USMCA cannot go into effect until all three signatories have ratified it.
    Trudeau said last month that he had hoped to get it done by February. However, the deal is currently still in Parliament's Foreign Affairs and International Trade Committee, which has planned hearings for next week and could delay the process until as late as April.
    Opposition groups in Parliament have raised questions about the deal's labor rights language, echoing concerns that U.S. lawmakers made that delayed the deal's passage through Congress.
    Bloc Quebecois in particular has criticized the deal for not favoring Canadian aluminum in the language that covers the share of an automobile that must be made in North America to be duty-free, claiming the lack of aluminum protections would cost 60,000 jobs. "With this agreement, Ottawa offers Ontarians the protection of their steel sector against the complete abandonment of aluminum from Quebec," the group said Wednesday.
    The main opposition party, the Conservatives, has not opposed the deal but has not backed the Liberal Party to assist its passage, either.

    The U.S. ratified the deal in January. Mexico did last year, though its legislature still has to accept some of the additional language added to the deal just prior to the U.S.'s adoption.

    More at: https://www.washingtonexaminer.com/p...ayed-in-canada
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    Quote Originally Posted by enhanced_deficit View Post
    Canada leaders for a while have displayed TDS, they probably don't want Trump and Don Jr to have a political win but it's a done deal.
    It ain't over till it's over.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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