by Yuen Pau Woo, President and CEO, Asia Pacific Foundation of Canada January 13, 2012
MY COMMENT — Free Trade agreements are becoming more common world-wide. It is up to the countries involved to set their own particular free trade agreement rules and conditions. Every bi-lateral agreement is different.
But it is a trade matter — it is not a venue to browbeat the other country over their human-rights situation etc. it is simple matter of you sell us X and we will pay Y, on as many products or services as both sides decide to include in the accord.
One thing that we like about this scenario is that by engaging in trade with Western nations developing nations learn our ways. This helps them to progress in real time in all matters, including among other things, best practices for the business community, human rights, environmental legislation and the reasons for those standards.
Where there is better communication — better relationships result.
A FTA with China, Japan, India and other countries will facilitate better relationships with those countries AND improve Canada’s economy.
Will an FTA solve every problem? No, obviously not. There will never be one big agreement that will address every identified negative policy or procedure in a developing country. An FTA will however, play an integral part of that process going forward.