U.S. companies operating in Canada say free trade is their biggest concern
A survey from the American Chamber of Commerce in Canada says about half of respondents expect Canada's economy to grow, and they want a piece of it
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OTTAWA—A new report says potential changes to NAFTA and a loss of free trade with the United States represent the biggest concerns for a number of big American firms operating in this country.
The American Chamber of Commerce in Canada (AmCham) says 38 per cent of the companies participating in its study said they believed that free trade was the biggest concern for their business.
Other concerns included President Donald Trump (19 per cent) and Buy American policies (11 per cent).
The report’s release on Monday coincides with the third round of talks between Canada, the United States and Mexico—which are working to renegotiate the North American Free Trade Agreement.
An agenda for the current round of negotiations, the first held in Ottawa, showed the environment, rules of origin for automotive content, agriculture and labour standards were to be addressed during this week’s talks.
However, the AmCham report is based on findings of a Nanos Research survey conducted between March 15 and July 19, prior to the first round of talks that were conducted in Washington from Aug. 16 to 20.
The survey also found, among other things, that 54 per cent of participants described Canada’s business investment environment as positive and 49 per cent expected the Canadian economy would strengthen over the coming six months.
The American Chamber of Commerce in Canada is a private, non-profit, membership organization that promotes the two-way flow of trade, goods, services and investment between Canada and the U.S., and it is member of the United States Chamber of Commerce.