C.D. Howe Institute said all three countries will be worse off under the new agreement, government says it amounts to a 0.25% gain in GDP.
Conservatives wanted to extend committees’ study of the agreement into March.
The agreement is expected to become the law of the land about three months after Canada passes its implementation bill
Trump kicking the tires on a Buy American move that would pull the US out of a $1.7-trillion procurement agreement with WTO members.
Green groups lobbied US Democrats to insist on changes, including binding standards for emissions.
The United States and Mexico have already ratified the agreement
“The new NAFTA is a victory for all Canadians, of every political view, and in all regions of the country,” Deputy PM Freeland said, trying to stir up support for ratification
…But it will still take several months before the new trade rules fully in place.
Amendments would reopen negotiations with the US and Mexico, which would have to accept any changes.
Freeland’s letter an effort to build on common ground as Liberals deal with their minority government status.
The feds plan to move quickly to ratify USMCA, but the Bloc and NDP are voicing concerns
Canadians were told USMCA was the best deal possible, but US Democrats made subsequent revisions.
Blanchet said the final deal does not provide the same protections for Quebec’s aluminum industry as it does for steel and Ontario’s auto-manufacturing sector.
Critics warn the deal with China leaves unresolved most of the toughest and most complicated issues dividing the world’s two biggest economies.
The deal just needs Trump’s signature to be fully approved in the U.S.