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Canada interested in Pacific-wide pact if global trade talks fail: Emerson
CP
November 15, 2006
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Trade Minister David Emerson says Canada is interested in exploring the possibility of creating a huge free-trade zone that includes some 20 countries around the Pacific Ocean.
The idea of a free-trade zone stretching from the United States to China, from Australia to Chile, is being talked up at preliminary meetings of the Asia-Pacific Economic Co-operation summit in the Vietnamese capital.
Emerson says Canada would still prefer to see a successful outcome in negotiations on a global agreement at the World Trade Organization. But if that fails, Canada needs a Plan B.
The minister says the idea of a Pacific-wide trade zone under APEC is probably the next most attractive arrangement.
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