This webinar will provide both a review of the status of the NAFTA renegotiations, potential obstacles to conclusion of the renegotiations and possible repercussions of a failed renegotiations process. The webinar will also explore what businesses need to do in the face of this uncertainty, and planning opportunities for businesses who are or seek to do business in Canada and promote their exports to Europe, Asia and South America through the network of agreements available to Canadian businesses.
The fate of NAFTA — an agreement between the United States, Canada and Mexico that has for close to 25 years governed a market of over 400 million consumers and facilitated a threefold increase in trade in goods and services, intellectual property and investments — now precariously hangs in the balance pending the conclusion of difficult rounds of negotiations.
The last scheduled round of negotiations was planned to place over a two week period in April 2018, in advance of national elections in both Mexico and the United States, with the former electing a new President and the United States electing new congressional representatives. The U.S. administration cancelled this last round in favour of a Ministerial meeting with a goal of achieving an agreement in principle by early May. Whether this will realistically be achieved should be known by the time of this seminar.
Canada in the meantime has continued to forge ahead with deepening trade relationships with the EU under the Comprehensive Economic Trade Agreement (CETA), with the Pacific Rim nations with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and certain Latin American countries that are members of Mercosur.
Partner, International Trade and Investment Law, Osler
Riyaz advises multinational and domestic businesses on international trade policy and investment matters, international trade strategies and market-access concerns. On international trade regulations, he advises on all aspects of economic sanctions, export and import controls, national security, anti-bribery laws, government procurement, customs laws, transfer pricing and trade remedies such as anti-dumping, countervailing and safeguard measures. A significant part of Riyaz’s practice focusses on assisting clients operating overseas that have to contend with political risks, anti-corruption and corporate social responsibility obligations.
Riyaz also acts as counsel in international trade and investment disputes involving the application of trade laws and regulations and the enforcement of treaties. He has acted as counsel from the time of the very earliest WTO disputes concerning Canada, and the first two investment arbitrations under Canada’s bilateral investment promotion and protection treaties. During his more than 25 years of practice, Riyaz has advised and represented leading businesses in a full range of industry sectors.
Partner, Competition/Antitrust & Foreign Investment, Osler
Peter has been practising competition and foreign investment law for over 25 years. His practice focus is advising clients in mergers and acquisitions, joint ventures and strategic alliances. He has extensive experience with multi-jurisdictional transactions, and with clients in the energy, oil & gas, chemicals, natural resources, entertainment and pharmaceutical sectors. Peter also represents respondents in civil cases before the Competition Tribunal and foreign-controlled investors in obtaining approvals under the Investment Canada Act. Peter's Investment Canada expertise includes many of the cases reviewed under the Canadian government's state-owned investor guidelines. Peter is active in the competition law section of the Canadian Bar Association, and was formerly the chair of the Mergers Committee. He is a member of the C.D. Howe Institute Competition Policy Council, a leading think-tank for emerging competition policy issues. He has published numerous articles and spoken widely on various competition law and foreign investment topics.