Economy & Business: Trade Agreements
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At Loggerheads: The Canada-U.S. Softwood Lumber Dispute
Canada and the United States are the world's largest trading partners, but there's one thing they've never agreed on: softwood lumber. The dispute dates back hundreds of years, but in the 1980s it turned nasty. The U.S. has slapped billions of dollars of fines on Canadian wood, jeopardizing thousands of jobs. The dispute raises serious questions about trade, sovereignty, and the real nature of Canada-U.S. relations.
Canada-U.S. Free Trade Agreement
It was the most controversial agreement of its kind in Canadian history. Prime Minister Brian Mulroney's vision of free trade with the U.S. read like a Harlequin romance: Canada played the neglected lover, U.S., the negligent partner. Empty promises and veiled threats were all part of the negotiating dance between the world's greatest trading partners. The 1988 Free Trade Agreement was as dry as a stack of legal textbooks and as emotional as battling American cultural domination. It's an issue that still causes heated debate.
The Auto Pact: En Route to Free Trade
In 1965, a landmark agreement with the United States transformed Canada's tiny car-making industry into a world leader. The Auto Pact created thousands of Canadian jobs and was the backbone for a generation of economic growth. But the Auto Pact also tied Canada's fortunes more closely than ever to its southern neighbour.