Here is a look at the issues facing trade. Canada depends on exports as they account for about 1/4 of GDP

1. GLOBAL TRADE AND
THE WTO
BY: PAUL YOUNG CPA, CGA
DATE: AUGUST 17, 2019

2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Internal Controls
• SME – Financial Planning and Analysis
• SME – Business Strategy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. AGENDA • Who is WTO?
• WTO Panels
• Canada and WTO
• Canada the most sued Country in NAFTA
• House of Commons
• Blog – Trade
• WTO / Reforms
• USA and WTO Reforms
• Local/Regional buying
• Failing of Tariffs
• 2019 Election / Canada
• What needs to be done

4. INTRODUCTION
• WTO plays a key roll in helping resolve issues with unfair trade practices.
The problem is the WTO needs to reform including its mandate as part of
eliminating unfair trade practices by countries around the world.
• All countries need to adopt fair trade practices

5. WHO IS WTO?
Source - https://www.wto.org/english/thewto_e/whatis_e/whatis_e.htm
There are a number of ways of looking at the World Trade
Organization. It is an organization for trade opening. It is a
forum for governments to negotiate trade agreements. It is
a place for them to settle trade disputes. It operates a
system of trade rules. Essentially, the WTO is a place
where member governments try to sort out the trade
problems they face with each other.

6. WTO PANELS
Source -
https://www.wto.org/english/
tratop_e/dispu_e/disp_settle
ment_cbt_e/c3s3p1_e.htm or
https://www.wto.org/english/
tratop_e/dispu_e/ab_membe
rs_descrp_e.htm

7. CANADA AND WTO
Source - http://policyoptions.irpp.org/magazines/july-2017/how-canada-can-keep-the-lights-on-at-the-wto/ or
https://www.wto.org/english/tratop_e/dispu_e/dispu_by_country_e.htm

8. CANADA LAWSUITS NAFTA
Source - http://www.msn.com/en-ca/news/canada/canada-most-sued-nation-under-nafta/ar-BBDqdvp
OTTAWA - When it comes to the North American Free Trade Agreement, Canada can safely claim the
title of biggest loser in terms of lawsuits.
Since the agreement came into force in 1994, Canada has been sued 39 times by foreign companies
claiming Canadian policies have violated their rights under NAFTA.
That is almost half of the 84 challenges made against all three nations under the investor state
provisions.
Canada has lost or settled eight cases and paid more than $215 million in compensation, while the
United States has still not lost a single case or paid out a single dime in compensation.
About 60 per cent of the challenges aimed at Canada have targeted environmental regulations or
resource management policies, including provincial regulations on oil and gas development and wind
farms, forest and water
The latest statistics were compiled by Scott Sinclair, a senior research fellow with the Canadian Centre
for Policy Alternatives.
MSN – June 26, 2017

9. HOUSE OF COMMONS / CANADA
Source - https://openparliament.ca/debates/2017/9/20/candice-bergen-1/

10. BLOG –
TRADE
• Link: https://www.slideshare.net/paulyoungcga/trans-pacific-partnership-tpp-and-
canada-september-2017
• It never seems to amaze me to how little the left understands when it comes to both
Trade Agreements and FIPA. The left continues to call out trade deals and FIPA
without truly grasping what is in those agreements.
• FIPA –
• http://international.gc.ca/trade-commerce/trade-agreements-accords-commerciaux/agr-
acc/agreements_type-type_accords.aspx?lang=eng#fipa. Companies are always looking
at ways to expand their business as part of their return on investment. Companies
take risk as such it only makes sense there is protection with their various
investments. Canada government has been sued over the years. Canada has lost
lawsuits under NAFTA to the tune $215M - http://www.iheartradio.ca/ez-rock/ez-rock-
summerland/nafta-lawsuits-target-canada-most-us-hasn-t-lost-yet-1.2742249. The
$215M loss is peanuts when you look at the trade over the past 23+ years.
• Trade Agreements
• Canada exports about one quarter of its GDP or about $550M. Canada needs to trade
deals to open new markets for Canadian companies. These same Canadian companies
contribute to wealth distribution via various taxation.
https://www.slideshare.net/paulyoungcga/wealth-distribution-canada-corporate-tax-
july-2017.

11. WTO AND
REFORMS
Source -
https://www.canadianmanuf
acturing.com/exporting-and-
importing/canada-and-
europe-make-deal-to-work-
around-blocked-world-
trade-organization-236565/

12. WTO – EU
AND
CANADA
• “Trudeau and Tusk said they want to preserve a World
Trade Organization appeals panel that will stand still if
Washington fails to appoint new members
• ________________________________________
• Tariffs are not answer, but reforming WTO to including
ensure emerging markets do not manipulate trade
policies in their favor, reducing the time it takes to hear
appeals and come up with a decision and proper enforce
of unfair business subsidies. -
https://www.slideshare.net/paulyoungcga/why-do-we-
need-the-wto

13. WTO AND THE
USA
Source -
https://www.industryweek.com/leadersh
ip/trump-s-bid-dismantle-global-
trading-system-poised-win?NL=IW-
07&Issue=IW-07_20190731_IW-
07_809&sfvc4enews=42&cl=article_1_b
&utm_rid=CPG03000001519274&utm_
campaign=36323&utm_medium=email
&elq2=277e11182102433a882cd65e9d6f
c1eb&oly_enc_id=

14. CANADA AND
EU
• https://www.canadianmanufacturing.com/manufacturing/trudeau-
tusk-take-aim-at-trump-and-fixing-wto-at-canada-eu-summit-
236151/
• “Trudeau and Tusk said they want to preserve a World Trade
Organization appeals panel that will stand still if Washington fails to
appoint new member”
• Tariffs are not answer, but reforming WTO to including ensure
emerging markets do not manipulate trade policies in their favor,
reducing the time it takes to hear appeals and come up with a
decision and proper enforce of unfair business subsidies. -
https://www.slideshare.net/paulyoungcga/why-do-we-need-the-wto
• Trudeau and EU - https://www.cbc.ca/news/politics/canada-europe-
world-trade-organization-1.5225331

15. LOCAL AND
REGIONAL
BUYING
Source - https://www.cfo.com/global-
business/2019/08/globalization-recedes-
from-its-prior-
dominance/?utm_campaign=CFODailyAle
rt&utm_nooverride=1&utm_source=CFO-
email&utm_medium=email&utm_content
=CFODailyAlert_Friday_2019-8-
16&utm_term=global-business or
https://www.cfo.com/global-
business/2019/07/u-s-trade-policy-fails-to-
reshore-manufacturing/

16. FAILING
OF
TARIFFS
SOURCE -
HTTPS://WWW.CFO.COM/G
LOBAL-
BUSINESS/2019/07/U-S-
TRADE-POLICY-FAILS-TO-
RESHORE-
MANUFACTURING/

17. 2019 CANADA
ELECTION
• @gmbutts
• https://www.slideshare.net/paulyoungcga/2019-election-asia-
foreign-relations-and-trade-canada-august-2019 or
https://www.slideshare.net/paulyoungcga/2019-election-
merchandise-trade-canada-june-2019
• Since you love to talk then answer this simple question -
What does Canada offer Asia?
• FYI Hint it comes from the ground, right? So how does C69
help get goods to market?
• @justintrudeau was refer to as a little potato by China
https://globalnews.ca/news/2923202/justin-trudeau-earns-
nickname-little-potato-during-trip-to-china/
• @andrewscheer who has smooth over relations with Modi -
https://nationalpost.com/news/harper-condemns-sikh-
separatists-predicts-close-modi-scheer-ties-in-pro-india-
speech

18. WHAT
NEEDS TO
BE DONE
• All level of government need to streamline regulations as part of
supporting approval projects
• One-Size fits all model for the WTO needs to go out the door
• WTO needs to start targeted emerging markets on their unfair trade
practices.
• Governments around world need to work together to reform the WTO
• Provincial and Federal governments need to work together to reduce
barriers to business
• Tax fairness
• More balance between the economy and the environment
• All levels of governments need to get their fiscal house in order
• All levels of governments need to review policies including how they
support business investment
• Loans
• Grants
• Taxation (R&D, Consumption Tax, Corporate Tax, Payroll Tax
and other taxes/user fees