Chief negotiators from the respective countries in the Asia Pacific region are set to meet next week to hammer out an agreement for signing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). On Thursday, Australian Prime Minister Malcolm Turnbull… Read More ›
Canada
85% North America content in vehicles, an unrealistic target: U.S. Auto industry to Trump Administration
The U.S. auto industry has gone at great lengths to to convince the Trump administration of the importance of NAFTA for the industry. In fact, in October 2017 major auto dealers, automakers and suppliers had launched a coalition to back… Read More ›
Fiat Chrysler Automobiles to shift production of its Ram heavy duty pickup trucks to Warren, Michigan, from Mexico
While FCA plans on boosting the output of its Mexican plant in 2018 & 2019, in 2020 having shifted the production of its Ram heavy duty pickup trucks, it plans on reconditioning the plant to produce a yet to be… Read More ›
Britain eyeing TPP once it leaves the EU in March 31, 2019
EU rules state that Britain cannot join any trade deal before it leaves the bloc. The Financial Times has reported that Britain is interested in joining the Trans-Pacific Partnership trade bloc once it formally leaves the European Union. Britain has… Read More ›
Kobe Steel faces class-action lawsuits in Canada
Along with this barrage of canon fire, Japan’s third largest steelmaker is also facing the loss of 2 Japanese Industrial Standards (JIS) badges, which is likely to impact its ability to sell its products to customers. Class-action lawsuits have been… Read More ›
Mexico preparing contingency plans if Trump exits NAFTA
The IMF has suggested that Mexico should go ahead with structural economic reforms, including diversifying its economy. Currently 80% of Mexican exports are shipped to the U.S. A Macro-economic response that reassures investors appear to be Mexico’s best bet out… Read More ›
The finer points of the Bombardier Airbus deal
Ever wondered why suddenly the Canadian government selected Airbus when it was actively courting greater economic ties with China following Trump’s threat of tearing apart and renegotiating NAFTA agreement? This makes an interesting read. According to five sources familiar with… Read More ›
General Motors coaxes its workers to get back to work at its CAMI plant in Ingersoll, South Ontario, Canada
The dispute stems from the union’s demand that GM designate the plant as the lead production site for its Chevrolet Equinox model in North America. General Motors Co has stated it has reached a tentative labor agreement with striking workers… Read More ›
NAFTA and its implications for U.S. & Mexican businesses
Here’s how the Trump Administration protectionism could impact the North American economy as a whole. Here’s how protectionism is relevant in an increasingly inter-connected world economy. According to Business leaders attending the U.S. – Mexico CEO conference whose agenda focuses… Read More ›
U.S. Commerce Department slaps 220% anti-subsidy duty on Canadian planemaker Bombardier’s Cseries jets
The Canadian airplane maker has termed the U.S. move as absurd and divorced from reality. Following a complaint lodged by Boeing Co, with the Trump Administration, against unfair subsidies received by Canadian airplane maker, Bombardier Inc, on Tuesday, the U.S…. Read More ›