free trade

On industrial policy and free trade

The current debate over the proposed Comprehensive Economic and Trade Agreement (CETA) between Canada and the EU typically pits “free-traders” against “protectionists”. Free-trade proponents are depicted as those who accept the alleged benefits of globalization — more jobs for everyone, lower consumer prices and more consumer choices. Protectionists, on the other hand, are characterized as those who oppose any trade and want to preserve today’s jobs and consumer choices at any cost.

Framing the issue in these terms, however, is no longer meaningful. The debate has moved on, thanks...

Tarnished anniversary: Why the free-trade deal didn’t deliver

Twenty-five years ago this week, the signing of the Canada – U.S. free-trade agreement (FTA) sparked one of the most passionate political debates in Canadian history.

Reflecting on the debate, and the outcomes of the FTA, can we now say who was right, and who was wrong?

Conventional wisdom holds that the trade deal worked out fairly well for Canada. However, the subsequent social and economic consequences are more like what the deal’s critics predicted.

The FTA’s supporters argued that it would help close the long-standing economic performance gap between Canada and the U...

The great free-trade debate: 25 years later

OTTAWA - It was a day in Canadian history that eventually spawned an emotional election campaign that forced Canadians to make a crucial decision at the ballot box.

Twenty-five years ago, on Oct. 3, 1987, Canadian and American negotiators reached a free-trade deal just minutes before a midnight deadline.

To this day, there is still disagreement over whether Canada is better or worse off - with political party leaders from the era offering different assessments.

Former Conservative Prime Minister Brian Mulroney, who will deliver a major speech about the deal at a tribute...

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