http://www.canada.com/vancouversun/news/story.html?id=39ccc50e-ddbc-40ef-a6ba-c33b5e173e74Thomas D'Aquino, president of the Canadian Council of Chief Executives, said the deal being envisaged would highlight closer integration between the two economies and look, for the most part, to eliminate non-tariff barriers, such as regulatory differences.
This sounds all too familiar... a European NAFTA.
That being said, it's kind of comforting that it involves diversifying outside the US.
I know we should be scared of getting sued over "regulatory differences". But some part of me wonders how this would fare in terms of environmental policy. Certainly the EU would not allow itself to be sued out of some of their more stringent eco-standards by Canadian companies, would it? Could a trade agreement ever result in the country with more stringent standards suing the worse one for its unfair advantage?
Just my babbles.