AmCham E-Communique: June 12, 2017

Monday, June 12, 2017

The American Chamber of Commerce in Canada (AmCham Canada) e-Communique about current and upcoming activities, AmCham initiatives and links to articles of interest.  

AmCham Canada - National Update 

  • Sonny Perdue Visits Toronto: Agriculture Secretary Sonny Perdue made the case to his Canadian counterpart on June 6th to rethink a new dairy policy that has effectively blocked the import of U.S. ultra filtered milk - a move Perdue called "a very unfair, underhanded circumvention of WTO," USDA radio reports.  During his brief visit to Toronto, Perdue also stopped by the Southeastern United States-Canadian Provinces Alliance Annual Conference, where he took some time to say hi to the Georgia delegation, enjoyed local public transit, kicked off a two-week-long showcase of U.S. foods and beverages, and got some face time with American Chamber of Commerce in Canada officials.
     
  • NAFTA Negotiations Announced: On May 18th, the Administration formally notified Congress of its intent to commence negotiations with Canada and Mexico with respect to the North American Free Trade Agreement (NAFTA). As stipulated by the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (TPA), this notification triggered a 90-day period before negotiations with Canada and Mexico can begin (no earlier than August 16th, 2017).  As part of this process the United States Trade Representative (USTR) has published a Federal Register Notice (FRN) soliciting public comments on the Agreement – which will assist the Administration in identifying its negotiating priorities. AmCham Canada has initiated outreach with its members and other stakeholders and will be making a formal submission to USTR.  The FRN comment period will be open through June 12th, 
     
  • AmCham Canada Meets with US Senate Finance Committee Director:  On May 31st AmCham Canada representatives in Ottawa met with the Chris Campbell, Director of the Senate Finance Committee to discuss several key U.S.- Canada issues including the NAFTA renegotiation, international tax policy, and banking regulations. 
     
  • AmCham Defense & Security Roundtable:  On May 26th members of AmCham Canada’s Defense and Security Committee conducted a roundtable meeting with The Honourable Andrew Leslie Parliamentary Secretary to the Minister of Foreign Affairs (Canada-U.S. Relations). The roundtable addressed a variety of key issues affecting U.S. – Canada defense trade and bilateral cooperation. 
     
  • SelectUSA Investment Summit - Canadian Delegation. The 2017 SelectUSA Investment Summit will take place on June 18-20, 2017, in National Harbor, Maryland. The Summit is the highest-profile event that promotes foreign direct investment (FDI) in the United States. AmCham Canada encourages Canadian companies wishing to expand into the U.S. to apply to attend and be part of the Canadian Delegation. For more information about the Summit and Canadian delegation opportunities, click here  
     
  • LAST CHANCE!  The AmCham Canada - Nanos U.S. Business Confidence Survey, presented by PNC Bank is in progress. If you are affiliated with or represent a U.S-owned company operating in Canada, we urge you to register on the AmChamCanada.ca website as a survey participant.  The survey takes less than seven minutes; your opinions will be confidential and grouped with other executives of U.S. owned businesses in Canada. Click here to register
     
  • New! AmCham Canada Member Discount:  Expat Tax Tools, Inc. is making available to AmCham Canada members at a discounted price, PFIC Software. Based in Canada, Expat Tax Tools, Inc. is a boutique software firm that produces niche U.S. international tax software applications to assist taxpayers and tax professionals with simple solutions to the difficult problems faced by U.S. taxpayers with cross border ties. For information, click here  

In the News

Business, Trade and Economic 

  • Canada’s merchandise trade deficit shrank to near-zero in March, as a surge in demand for Canadian goods, The Globe and Mail
  • Canadian oil and gas could trump Donald Trump in NAFTA talks: Derek Burney, Financial Post
  • American pork producers push need for NAFTA. This is Relevant to Mexico but American pork producers would be heavily impacted by a trade war with Canada. Politico
  • NAFTA benefits beef trade across U.S.-Canada border. Leaders from Canadian and U.S. beef organizations agree keeping NAFTA going is important for producers in both countries. Cattle Network
  • President Trump’s claim that ‘we always lose’ in U.S.-Canada trade disputes. The statement was given three Pinocchio’s. Washington Post
  • Canadian Foreign Minister Chrystia Freeland said on Tuesday that NAFTA trade talks between the United States, Canada and Mexico should be trilateral. Reuters
  • U.S. Commerce Secretary Wilbur Ross said that threats of retaliatory trade actions from Canadian officials "are inappropriate", CNBC 
  • U.S. Federal Reserve official urges preservation of trade ties with Mexico, Canada, Globe and Mail
  •  Between 1994 and 2015, there were 20 ISDS actions brought against the United States, 35 against Canada and 22 against Mexico, resulting in the payout of $376 million in damages, leaving Canada with the distinction of being the most sued country in the developed world, Global Trade
  • US-Canada Border – Buffalo/Fort Erie: All traffic lanes on Peace Bridge to be open for the Summer season amid rehabilitation project, Livingston

Politics, Policy and Think Tank 

  • Making Trade an Engine of Growth for All: The Case for Trade and for Policies to Facilitate Adjustment, IMF
  • Canada political pressures force PM's hand on U.S. trade disputes. Reuters
  • U.S. President Donald Trump's criticism of the protected Canadian dairy system has emboldened American farm groups, as the countries move toward rewriting trade rules. Reuters
  • •We Know What Causes Trade Deficits and we’ve known for some time, Peterson Institute for International Economics
  • Trump and Trudeau talk trade; next G7 meeting to be held in Canada, CTV

Market Pulse, Culture and Blogs 

  • Americans’ support for free trade agreements, which fell sharply during the 2016 presidential campaign, has rebounded modestly, Pew Research
  • NAFTA 2.0 and the Art of the Deal. Overall, NAFTA has helped to triple merchandise trade among the three economies in nominal terms, from $306 billion in 1993 to just over $1 trillion in 2015. Global Trade Magazine
  • How a scuttled U.S. trade deal helped lead to modern Canada, Maclean’s     

Calendar 

  • Join Canadian Trade Commissions Webinar: Business Women’s Trade Mission to Las Vegas. The Business Women in International Trade (BWIT) program invites you to participate in a free webinar to learn more about the multi-sector trade mission we are organizing with the Women's Enterprise Organizations of Canada (WEOC)

Upcoming Events

  • Jun 13 (Vancouver) Pacific Chapter: NAFTA 2.0 Breakfast Discussion, here
  • Jun 15 (Montreal) U.S. Canadian Summit Montreal (supported by Quebec Chapter), here
  • Jun 18-20 (Washington) 2017 SelectUSA Investment Summit, here

Recent Events   

  • 10th Annual SEUS-CP Conference-Trade Partnerships at Work (Toronto)
  • Minister Deron Bilous, Alberta Economic Development and Trade event (Edmonton)
  • NAFTA 2.0 Panel Series – Session 2 Breakfast (Montreal) 
  • CPA Canada in-depth HST-GST Course for tax professionals in Canada (Niagara on the Lake)
  • The Questor Technology Story: NAFTA, the EPA and Finding Success in the U.S. (Calgary) 
  • 2017 World Trade Celebration-A Trade Advocate navigates risks ahead (Buffalo)
  • AmCham Canada Defense & Security committee meeting (Ottawa) 
  • Webinar-American Storm: Top Canadian Concerns (Ottawa Chapter) 
  • Doing Business in  eh “New” America (Peel-Halton-Niagara Chapter) 

For comments or suggestions concerning the AmCham Canada e-Communique 
contact kim.kelly@amchamcanada.ca 
Follow AmCham Canada on Twitter @AmChamCanada 
Register Now to participate in the AmCham Canada U.S. Business Confidence Survey! 
http://www.amchamcanada.ca/us-business-confidence-survey