Earl Fry Article

Earl Fry Article - The Long Road to Free Trade Earl Fry for...

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The Long Road to Free Trade – Earl Fry - for Canadian’s, their national economy has never been better during their lifetimes has been over the past several years - enough Canadian voters were willing to take a chance on free trade and returned to Mulroney’s Progressive Conservative to power in the House of Commons, albeit with a reduced majority - era of free trade between Us and Canada has been in effect for two decades First under the FTA (1989) and later under NAFTA implemented between 1994 and 2008 - today, a solid majority favours the free-trade agreement with the US and almost ¾ are optimistic about future relations - opposition has been focused on economic ties with Mexico and the fear of increased illegal immigrations Means loss of jobs to companies situated under the US border - Canada’s major stock market is near record highs and Ottawa has been experiencing budget surpluses - unlike Canada, the US has suffered major deficits in merchandise trade Most merchandise trade in North America is intra-firm – many of these are Us-owned - free trade has meant better selection of products are more competitive prices Companies abandoning branch-plant tactics in favour of regional or global mandating for their facilities
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