Canada could get a better U.K. trade deal post-Brexit, says Ambrose | Power & Politics

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Canada could get a better U.K. trade deal post-Brexit, says Ambrose | Power & Politics
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Canada could get a better U.K. trade deal post-Brexit, says Ambrose | Power & Politics
Canada could get a better U.K. trade deal post-Brexit, says Ambrose | Power & Politics
Britain’S new prime minister England, trains from Theresa May promising to leave the European Union by October 31st, with or without a brexit deal. If the latter happened in Britain crashes out of the EU, Economist have warned that the consequences could be devastating and far-reaching. Britain is Canada’s largest export Market in the EU. Johnson’S approach to trade affect Canada is the former interim leader of the conservative party, current member of the NASA advisory Council to Minister of Foreign Affairs, chrystia Freeland. She joins us from Calgary. Thank you so much for joining us today, Miz Ambrose. What does it mean for Canada? Well, he said he’s a charismatic popular guy and in Britain, although there’s seems to be one of those love-hate things with him, but he’s like he’s a known commodity, which is helpful to Canada. He was a foreign secretary for a while. So the Canadian government knows him in that role and he’s been around politics for quite sometime. People know him to be an economic, liberal and a social liberal. They know that he wants to lower taxes. He wants to bring investment to to Britain, but didn’t they also know that he is very comfortable with an A No Deal on brexit. So, for the first time UK looks like they have a little bit of Leverage over the EU and terms of his very clear support for a No Deal brexit on October 31st and, of course, Cannon. The UK we’re actually working behind the scenes on a trade agreement that would supplant their existing deal post brexit, but there’s no point in Canada striking a deal with with a UK. At this point, the new prime minister, Boris Johnson, is saying: there’s going to be what’s called a No Deal brexit, which means there will be pretty much all terrorists lifted coming into into United Kingdom, so I can probably get a better deal. Let’S put it that way. If they weigh till after brexit, so I’m assuming that for Canada, will wait and see what happens, post brexit and then go from there. Companies that are going to be watching this unfold and there’s a lot of what advice do you have to them to to navigate this uncertain day? We’Ve been going through this for a couple of years with the usmca and then the new NAFTA, and it’s let’s face it: it’s almost The New Normal around the world, all of protectionism and nationalism. We’Re saying, I guess the good thing about Boris Johnson is p.m. as we know that he is a free Trader. We do know that he doesn’t like tariffs. We do know that he’s not a protectionist when it comes to economic policy on like Trump. So that’s a positive thing and we hope it post-brexit, which will be after October 31st. I mean he’s, saying, do or die we’ll see what happens that there will be a lot less Paris. So hopefully, that’s good for Canadian businesses, but but you’re right in sound of uncertainty is bad. I think if he can get this finalized or come to a resolution October October 31st, that will be helpful to business. We don’t know what that will look like, but I do think the uncertainty, Waze markets but Waze on everyday consumers and it weighs on those small businesses. Just trying to do do do business in the UK turn on his team to help negotiate that the divorce deal with the EU. Not yet his running mate to work on this Canada actually has an incredible reputation when it comes to trade. Agreements in the reality is because the UK hadn’t actually struck a trade deal for 40 years. They literally had to create a train office in a trade Department from scratch practically. So there was a lot of Canadians and others going to the UK, giving advice offering support they’ve slowly built up a trade department, but they still don’t have a lot of expertise. So there has been people additive reached out and asked for support from different countries, and Canada is very well respected because, as you know, whether it’s conservative governments or liberal government’s we have struck a lot of successful trade deals. Boris is the new NAFTA and Inns in the US. The Democrats are pushing to reopen the new agreement around a couple of issues, but particularly one that is really easy to understand, is finding ways to lower drug prices. Canada has said it’s official and is that it is not willing to reopen the noon after they’ve got it on paper. They want to take it and sign it and get that ratified. But do you think I should be open to the idea of changing a deal display out in the US? We have obviously already signed agreement. It hasn’t ratified through our Parliament. Yet, as you know, Mexico has ratified it through their Parliament. Congress is now. It looks like the House Representatives will rise for the summer break, so the USMC going to go through until the fall, but the Democrats wouldn’t make a lot of sense for the Democrats to not support the usmca. Let’S remember a lot of things that are in the USMC, a particularly the environment and labor provisions, even asking for as a party for many years to be put into the NAFTA. So whether it’s the fact that more cars will be built in the United States and we’re content more American content or American aluminum in Steel content, the international labor organizations Provisions are in the core of the usmca, which is different than NAFTA. Nafta doesn’t have environmental environment and labor Provisions in the cord has it as side agreements. One way that we could look at doing something if there was some kind of an amendment that Canada was amenable to and the US and Mexico, let’s say it’s around drug prices. I don’t know, if that’s the case, that’ll happen, there might be the opportunity for a side letter or what’s called a side agreement that doesn’t change the core agreement and it’s much easier to manage and to do so, maybe something like that would happen. But I think we have to let the political process play out in the United States between the Republicans and the Democrats and not insert ourselves into that. You mentioned the environment and you mentioned the labor standards. Those are, those are two of the things that have been labeled by the party that you used to lead, as sings of the Liberals are trying to put in tuna fish to try and you know, been criticised by Tool. Who is the Foreign Affairs critic and the conservatives have attacked the Liberals on those planks, but you just mention the Democrats like what do you make of the criticism coming from the conservative around that aspect of NAFTA? You you look for different points that you may not agree Chris, I think also potentially, the labor environment Provisions early on might have looked like something that all parties wouldn’t support, but what’s what we’ve seen happen if, in fact, all parties around the table do support them? Are the provisions that are in line with the international labor organization, International standards, which is something that all most most agreements around the world are based on, at least in Western countries, including in Canada? Familiar with unions, Mexico, the United States and Canada support them Trump Administration? To go so that’s why I say it’s interesting, because the Democrats are in a bit of a pickle, because these are things that they’ve supported for a long time, especially around the environment of Labor. And yet of course, they don’t really want to hand a win or a victory to President Trump on these issues, but a lot of their supporters, including union members and workers, are pushing the Democrats very vocally and publicly to get on with the usmca and pass it Because they know what is good for workers in the end really quickly. The last thing I want to ask you, given the political calendar with the American Summer break coming up now in the US, are you worried that the new now lost in the shuffle? I don’t think so. It is extremely important, especially for the Americans, because we’ve seen studies come out just recently on a benefits to the United States. I think Trump wants to get this thing done it’s important to him, so he will be pushing A the fall. Of course, it’s already been ratified through Parliament in Mexico, and I would hope that here in Canada, we want to get to a resolution on this as quickly as possible. Look there has been so much uncertainty on his file, for it has an impact. We know from looking at numbers that trade uncertainty effects, competitiveness, it effects of decisions on whether to invest or not in her company’s whether to hire or not. We need to put this and it’s important for the country to do that, and I think our prime minister and Donald Trump, the president, of course the president in Mexico, all agree on that. So I would hope, even if we’re in the middle of close to an election, that the liberal government will actually recall parlor and get this thing ratified as quickly as possible. It’S it’s that important. I mean unless we’re pushing into the election calendar and we can wait for a new government, but look this uncertainty is not helpful to the economy, so I think the sooner we can get this thing done, the better. Thank you for your time today. Absolutely of Power & politics, subscribing to the CBC News Channel or click the link for another video thanks for watching
Canada should wait until after the United Kingdom has left the European Union to discuss a post-Brexit trade deal with the U.K., says Rona Ambrose. The former interim Conservative leader believes trade conditions might be better for Canada without an agreement if the U.K. crashes out of the EU at the end of October.
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