Reuters: Canada to sign Pacific trade deal, labor and auto sectors fume. Canada said on Tuesday it would sign onto a revised 11-member Asia-Pacific trade pact after pushing to secure a better deal, underpinning a government drive to diversify exports amid doubts over NAFTA. Prime Minister Justin Trudeau told reporters at the World Economic Forum in Davos that he helped push for an improved deal, showing how important the trade file has become for him personally. But a major labor union and a group representing auto parts manufacturers said the deal would cause job losses. Trade officials signed off on a final text earlier in the day after a meeting in Tokyo to overcome challenges such as Canada’s insistence on protection of its cultural industries.
CNBC: Canada agrees to sign revised TPP and hopes to persuade Trump on NAFTA. Prime Minister Justin Trudeau said on Tuesday that Canada is working to persuade President Donald Trump that the North American Free Trade Agreement is in the interest of the U.S., Canada and the rest of the world. “We are working very hard to make sure our neighbor to the south recognizes how good NAFTA is and that it has benefited not just our economy but his economy and the world’s economy,” Trudeau said at the World Economic Forum in Davos, Switzerland. Canada announced on Tuesday that, after a series of negotiations, it will join 10 other countries in signing a revised Trans-Pacific Partnership in March.
Washington Post: As Trump announces tariffs, Trudeau unveils Canada’s new trade deal with Asia. Hours after the Trump administration announced its first major tariffs on imported washing machines and solar panels, Canadadian Prime Minister Justin Trudeau told a global audience that his country had just reached a historic trade deal with 10 Asia-Pacific countries. The symbolism from Canada was clear: When it comes to trade, the rest of the world is ready to move forward without President Trump. “Today is a great day for Canada but it is also a great day for progressive trade around the world,” Trudeau said Tuesday at an annual gathering of business and political elites in Davos, Switzerland. Trudeau called the new deal the CPTPP, which stands for the Comprehensive and Progressive Trans-Pacific Partnership.
Chicago Tribune: India, Canada defend free trade at Davos forum as Trump imposes tariffs. Just hours after President Donald Trump approved new tariffs on imports, the leaders of Canada and India came out forcefully Tuesday against a drift toward protectionism in the global economy. While Indian Prime Minister Narendra Modi said new barriers to trade could pose a danger on a par with climate change and extremist attacks, his Canadian peer, Justin Trudeau, revealed that his country and the 10 remaining members of the Trans-Pacific Partnership have revised their trade deal in the wake of the U.S. withdrawal.
Driving: Canada exports four times the number of Japanese-brand cars it imports. Close to half of the new vehicles built in Canada in 2017 were from Japanese brands like Honda and Toyota, according to a recent press release from an association made up of those companies. Their total output combined to top one million units for the second consecutive year, reports the Japan Automobile Manufacturers Association of Canada (JAMA Canada), or about 46 percent of total Canadian light vehicle production in 2017. The vehicles assembled for export in the more than 60 Japanese car and car parts plants across Canada outnumber the Japanese-brand vehicles imported into Canada by four to one, the Japan Automobile Manufacturers Association of Canada (JAMA Canada) reports.
Flight Global: Boeing still evaluating whether to bid for Canadian fighter contract. Boeing has yet to decide whether to compete for a contract worth $12-14.5 billion to replace Canada’s tactical fighter fleet. The airframer once had the deal in its pocket before Ottawa terminated plans to buy the F/A-18E/F Super Hornet after Boeing filed a trade complaint against Bombardier last May. In a possible sign that the company could forego submitting a bid, Boeing chose to skip a one-day information session for potential bidders on 22 January that was hosted by Canadian agency managing the Future Fighter Capability acquisition programme. Boeing confirmed the absence and says it remains convinced that the Super Hornet is the best option for the Royal Canadian Air Force, although the airframer has not decided whether to offer the aircraft yet.
The Guardian: Canadian climate science faces crisis that may be felt globally, scientists warn. Canadian climate science is facing a looming crisis whose repercussions could be felt far beyond the country’s borders, hundreds of scientists have warned, after the Canadian government failed to renew the country’s only dedicated funding program for climate and atmospheric research. In an open letter addressed to Justin Trudeau, more than 250 scientists from 22 countries highlight their concern over the imminent end of the C$35m Climate Change and Atmospheric Research program. The government’s decision came as a surprise to many in Canada, said Dan Weaver of Evidence For Democracy, the research advocacy group who published the letter on Monday.
Science.org: Climate researchers press Trudeau to renew Canadian Arctic research program. The Canadian government should renew funding for a soon-to-end Arctic climate and atmospheric research program, a group of more than 250 international climate scientists is arguing in an open letter to Prime Minister Justin Trudeau. “There is a crisis looming for Canadian climate and atmospheric research that will be felt far beyond Canada’s borders,” the letter states. Extending funding for the 6-year-old Climate Change and Atmospheric Research (CCAR) program, which is set to end this year, would help maintain the country’s scientific and political leadership in the field, the authors say. CCAR, launched in 2012, provides CA$7 million per year for seven research networks studying the physical processes underlying climate and atmospheric behavior.
Emarat Alyoum – United Arab Emirates: Dubai-Canada annual trade reaches $1.7 billion in September 2017. Ahmad Mahboob Mosabah, Director of Dubai Customs, and Emmanuel Kamarianakis, Consul General of the Consulate General of Canada to Dubai and the Northern Emirates, met and discussed strengthening cooperation on customs and bilateral trade. Dubai’s non-hydrocarbon annual trade with Canada amounted to 5 billion Emirati Dirhams ($1.70 billion CAD) as of September 2017, comprising of 4.4 billion AED ($1.5 billion CAD) in imports, 180.6 million AED ($61.2 million CAD) in exports, and 361 million AED ($122.4 million CAD) in re-exports. Mosabah stated that it behooves the Customs department to facilitate the regional operations of Canadian companies, 150 of them based in Dubai, through the department’s services, including the Authorized Economic Operator program which expedites access of goods to other signatory states to the program.
Iraq Akhbar: Canada to lend Iraq $200 million. Andrew Turner, Canada’s Chargé d’Affaires in Iraq, stated that Canada began the process of issuing a $200 million loan to Iraq, in addition to $400 million in humanitarian aid, aimed at reinforcing stability in the country. Turner also announced that Canada’s embassy in Baghdad will soon open a visa desk. He noted that the Iraqi Government has promised reforms in trade, including the removal of barriers to investment, which should attract investments by multinational enterprises to the country.