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Archive for the ‘economics’ Category

U.S.-EU Trade Deal is the Foundation For a New Global Economic Order

Monday, February 25th, 2013

By Dana Gabriel, Be Your Own Leader
February 25, 2013

The U.S. and EU have agreed to launch negotiations on what would be the world’s largest free trade deal. Such an agreement would be the basis for the creation of an economic NATO and would include trade in goods, services and investment, as well as cover intellectual property rights. There are concerns that the U.S. could use these talks to push the EU to loosen its restrictions on genetically modified crops and foods. In addition, the deal might serve as a backdoor means to implement ACTA which was rejected by the European Parliament last year. A U.S.-EU Transatlantic trade agreement is seen as a way of countering China’s growing power and is the foundation for a new global economic order.

In his recent State of the Union address, President Barack Obama officially announced that the U.S. would launch talks on a comprehensive Transatlantic Trade and Investment Partnership with the European Union (EU). A joint statement issued by European Commission President Jose Manuel Barroso, European Council President Herman Van Rompuy and U.S. President Obama explained that, “Through this negotiation, the United States and the European Union will have the opportunity not only to expand trade and investment across the Atlantic, but also to contribute to the development of global rules that can strengthen the multilateral trading system.” In a separate speech, European Commission President Barroso also emphasized that, “A future deal between the world’s two most important economic powers will be a game-changer. Together, we will form the largest free trade zone in the world. So this negotiation will set the standard – not only for our future bilateral trade and investment, including regulatory issues, but also for the development of global trade rules.”

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Growing Opposition to the Canada-EU Trade Agreement

Tuesday, August 28th, 2012

By Dana Gabriel, Be Your Own Leader
August 28, 2012

With the final rounds of negotiations sessions planned for September and October, Canada and the EU are closing in on a free trade deal that would go far beyond the reach of NAFTA. Meanwhile, there is growing opposition to the agreement as the whole process has lacked openness, transparency and any public consultations. In Canada, there are concerns over the threat it poses to local democracy. This includes fears of deregulation and privatization, as well the expansion of corporate investor rights. There are also warnings that the deal could be used as a backdoor means to implement ACTA which was rejected by the European Parliament in July.

As the Canada-European Union (EU) Comprehensive Economic and Trade Agreement (CETA) talks near their end, the Council of Canadians continue to voice their opposition to the deal. While I don’t agree with their position on some different issues, they have been championing the fight against CETA. In an effort to counter misleading statements made by the Conservative government regarding the trade pact, they have released the report, the CETA Deception. Trade campaigner, Stuart Trew explained how this is an effort to, “challenge the government’s reassurances that its EU trade deal will not affect public health or environmental regulations, will not allow foreign corporations to challenge public policy, will not undermine public services or municipal democracy, will not increase drug prices or hurt Canada’s supports for arts and culture. In each case, the government’s position is either misleading or demonstrably false.” As a result of the threat CETA poses to local sovereignty, a growing number of Canadian municipalities have passed resolutions seeking more information and a greater say in negotiations with some also requesting to be excluded from the agreement.

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Paving the Way for a U.S.-Canada Economic and Security Perimeter

Wednesday, July 18th, 2012

by Dana Gabriel, Be Your Own Leader
July 18, 2012

Over the past several months, the U.S.-Canada Beyond the Border action plan has taken significant steps forward. This includes efforts to modernize and expand infrastructure at key land ports. In a move that went largely unnoticed, both countries also recently agreed on a statement of privacy principles that will guide information sharing across the border. Meanwhile, a separate joint initiative has been announced which addresses energy and environmental issues.

President Barack Obama and Prime Minister Stephen Harper launched the U.S.-Canada Clean Energy Dialogue (CED) in 2009 to promote new ways to reduce greenhouse gases and combat climate change. The CED Action Plan II released last month, outlines the next phase of activities both countries will undertake. This includes continued work on carbon capture and storage, as well as integrating the electricity grid. In a press statement, Canada’s Minister of the Environment Peter Kent explained that the CED, “strengthens our efforts to collaborate on innovative clean energy solutions that reduce greenhouse gas emissions.” He also commented on how “It is our hope that the transformation of our economies and our joint work will identify clean energy solutions that will contribute to making sustainable energy a reality for all.” Whether real or exaggerated, environmental issues are also advancing North American integration. If you look at some of the words being used and the goals being pushed, they are tied to Agenda 21. Under the guise of protecting the environment, many solutions being offered are in the form of more taxes and control over our lives.

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Using the TPP to Renegotiate and Expand NAFTA

Sunday, July 1st, 2012

Dana Gabriel, BeYourOwnLeader
June 25, 2012

Both Canada and Mexico have been invited to join the U.S., along with other countries already engaged in negotiations which will deepen trade and economic ties within the Asia-Pacific region. Such a deal would surpass NAFTA in size and scope. The U.S. led talks which have been criticized for their secretive nature, could be used to update aspects of existing trade pacts among member nations. This would provide the perfect opportunity for a backdoor renegotiation of NAFTA without officially having to open it back up.

After expressing interest in joining trade talks back in November 2011, NAFTA partners have been invited to join the U.S. backed Trans-Pacific Partnership (TPP) which also includes Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam. U.S. Trade Representative Ron Kirk welcomed both Mexico and Canada into the TPP fold. He noted that, “Mexico has assured the United States that it is prepared to conclude a high-standard agreement that will include issues that were not covered in the North American Free Trade Agreement (NAFTA).” He added, “Inviting Canada to join the TPP negotiations presents a unique opportunity for the United States to build upon this already dynamic trading relationship. Through TPP, we are bringing the relationship with our largest trading partner into the 21st century.” A joint statement by the U.S. and Canada acknowledged that, “The TPP presents an opportunity to conclude a high standard agreement that will build on the commitments of NAFTA.”

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Canada and Mexico to Join U.S. in NAFTA of the Pacific

Thursday, December 1st, 2011

by Dana Gabriel, BeYourOwnLeader
Dec 1, 2011

At the recent APEC meetings, Canada and Mexico announced their interest in joining the U.S., along with other countries already engaged in negotiations to establish what has been referred to as the NAFTA of the Pacific.

The leaders of the nine countries that are part of the Trans-Pacific Partnership (TPP) met at the Asia-Pacific Economic Cooperation (APEC) summit in Hawaii and agreed on the broad outlines of a free trade agreement. The current members include the U.S., Australia, New Zealand, Malaysia, Vietnam, Singapore, Brunei, Peru and Chile. The TPP has been hailed as a, “landmark, 21st-century trade agreement, setting a new standard for global trade and incorporating next-generation issues.” Key features of the TPP are that it would provide comprehensive market access and be a fully regional agreement designed to facilitate the development of production and supply chains. Various working groups have been discussing issues such as financial services, government procurement, intellectual property, investment, rules of origin, telecommunications and trade remedies. The next round of talks will take place in December and there are hopes of concluding negotiations before the end of 2012. Apart from Canada and Mexico, Japan has also expressed interest in being part of the TPP. The door is also open for other countries to join which is why many consider it to be a building block for an Asia-Pacific free trade zone.

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Good Intentions: Unpacking Occupy Toronto

Thursday, October 20th, 2011

by Todd Howe, WeAreChangeToronto
October 20, 2011

Optimism. More than anything, it was optimism which hung in the air as two thousand people marched through the financial district to St James Park to ‘Occupy Toronto’ this past Saturday. Decamping from the subway to the paved expanse of Commerce Court’s plaza, I was cheered by the sight of a vast crowd that had improbably ventured out on a drizzly mid-October morning. They gathered right at the geographic heart of Canada’s banking center, X marks the spot, King and Bay – it’s not the sort of thing that usually happens in Toronto. But it happened this day, and it was an unprecedented, courageous symbol – watch the video below for a brief walk-though of the day’s events. If nothing else, you had to admire the chutzpah, the obvious joy that was expressed in speaking back to power. And the celebratory mood of the demonstrators was undiminished as they sang and chanted their way up Bay and along Queen to St. James Park, united by a hope that, maybe this time, visibility might drive positive change.

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The Push for a Single Unified North American Regulatory Regime

Friday, May 20th, 2011

by Dana Gabriel, BeYourOwnLeader
May 20, 2011

It was surprising that bilateral relations with the U.S. did not play a more prominent role during the recent Canadian election considering that both countries are pursuing a trade and security agreement. In fact, the issue did not really surface until the dying days of the campaign. After winning a much coveted majority government, Stephen Harper’s Conservatives are moving ahead quickly with perimeter security and regulatory harmonization negotiations. NAFTA and the defunct Security and Prosperity Partnership (SPP) both addressed issues such as regulatory cooperation. The push for a single unified North American business-friendly regulatory regime continues on different fronts.

In the final week of the Canadian election campaign, consumer advocate and four-time candidate for President of the United States, Ralph Nader warned about Canada-U.S. deep integration. In an open letter to Prime Minister Stephen Harper, he raised concerns over the lack of transparency regarding talks between the two countries on a trade and border security deal. Nader cautioned that a, “North American Security Perimeter Agreement will wrap many Canadian concerns – your Arctic, water, energy, anti-monopoly and foreign investment reviews – in a bi-national security blanket.” He added, “The corporatist lobbies and what President Eisenhower warned Americans about in his farewell address 50 years ago – ‘the military-industrial complex’ – will favour this lucrative and anti-democratic initiative.” Nader also explained in his letter to Harper, that, “Canada’s prudent bank regulation prevented a Wall Street style collapse of your economy.” North American deep integration is a corporate led agenda designed to foster privatization and deregulation.

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A North American Security Perimeter Threatens National Sovereignty

Thursday, February 10th, 2011

by Dana Gabriel, BeYourOwnLeader
February 10, 2011

Canada and the U.S. have officially launched negotiations on a trade and security agreement which would take continental integration to the next level. A declaration issued by the leaders follows months of secret preliminary talks. The deal would work towards facilitating the movement of travel and trade across the northern border. This includes pursuing a perimeter approach to security in an effort to better address common threats. The agreement sets in motion an agenda with the aim of going beyond NAFTA and further expanding on the Security and Prosperity Partnership (SPP), but in the context of a bilateral framework.

On February 4, President Barack Obama and Prime Minister Stephen Harper issued a declaration which, “establishes a new long-term partnership that will accelerate the legitimate flows of people and goods between both countries, while strengthening security and economic competitiveness.” Beyond the Border: a Shared Vision for Perimeter Security and Economic Competitiveness will, “focus on four areas of co-operation: addressing threats early; trade facilitation, economic growth and jobs; integrated cross-border law enforcement; and critical infrastructure and cyber-security.” According to the declaration, both nations will, “develop a joint action plan on perimeter security and economic competitiveness that will set out a range of initiatives in the four key areas to improve both countries’ ability to manage security risks, while facilitating the flow of people, goods and services.” The newly formed Beyond the Border Working Group will, “report to their respective Leaders in the coming months, and after a period of consultation, with a joint Plan of Action to realize the goals of this declaration.” The agenda set forth is nothing more than a rehashing of some of the SPP’s security priorities, but without Mexican involvement.

President Obama and Prime Minster Harper also addressed ways to coordinate and harmonize regulations in order to ease red tape for businesses that do trade on both sides of the border. They announced the creation of a United States-Canada Regulatory Cooperation Council (RCC) which will, “promote economic growth, job creation, and benefits to our consumers and businesses through increased regulatory transparency and coordination.” According to a joint statement, the leaders, “are committed to working through the RCC to provide early notice of regulations with potential effects across our shared border, to strengthen the analytic basis of regulations, and to help make regulations more compatible.” Both countries will also, “work through the RCC to determine sectors on which to focus its work that are characterized by high levels of integration, significant growth potential, and rapidly evolving technologies.” Improving regulatory cooperation was a key element of the SPP’s prosperity agenda. Its stated goals are laid out in the SPP Regulatory Cooperation Framework.

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From NAFTA to CETA: Canada-EU Deep Integration

Thursday, January 27th, 2011

by Dana Gabriel, BeYourOwnLeader
January 27, 2011

Canada and the European Union (EU) have already held five rounds of negotiations towards a Comprehensive Economic and Trade Agreement (CETA) which will go beyond NAFTA. With the sixth round of talks scheduled to take place in Brussels, Belgium from January 17-21, Canadian and EU officials remain optimistic that a deal could be finalized by the end of 2011. Thus far, negotiations have included key areas such as goods, rules of origin, services, investment, government procurement, as well as others. As talks enter their final crucial stages, there are growing concerns over the threat CETA poses to Canadian sovereignty. Coupled with the financial turmoil sweeping Europe, deep economic integration with the EU could prove disastrous.

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Inside the Wall – The Toronto G20 Redux, Pt 3

Thursday, November 11th, 2010

Todd Howe, WeAreChangeToronto
November 11, 2010

This week world leaders, finance ministers and their retinues are once again meeting for the G20 summit, descending this time on the city of Seoul. Protests have broken out in the streets, as expected. The mandatory dramatic images of citizens being pepper sprayed have been rolled out to the international media. And South Korea has shown it can deploy a militarized security force with the best of them: demonstration is simply ‘illegal’ within 2km of the site and a battery of water cannons, armoured vehicles, robots, roadblocks and helicopters says so.

As it turns out, the real melee to watch in Seoul may be inside the security wall this week. With talk of a showdown between the US and Germany and China over currency manipulation, the World Bank’s push for a stronger global trade unit, and the ongoing implosion of sovereign European bonds in overexposed countries (most recently, Ireland), the occasional firework is sure to be lit inside the conference center as well. Despite the mass media’s overwhelming focus on protest, violence, and damage to property it’s clear that the police, the intimidating hardware, and the very real populist opposition to the summit are symptomatic of, but are not the ultimate cause of the dis-ease afflicting the streets of any recent G20 host site. That’s the part of the story reserved for the business sections and back pages of the paper, couched in the pallid language of global economics, abstraction, and understatement.

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