Canada signs free trade deal with Panama

Canada will proceed with a flurry of free-trade deals because the dream of one big global trade arrangement appears “stalled,” Prime Minister Stephen Harper said Tuesday.

Canadian Prime Minister Stephen Harper shakes hands with Panamanian President Ricardo Martinelli after signing a free trade agreement in Panama City

Canada will proceed with a flurry of free-trade deals because the dream of one big global trade arrangement appears “stalled,” Prime Minister Stephen Harper said Tuesday. He made the remarks at a signing ceremony at the presidential palace in Panama, which became the eighth country to reach a free-trade agreement with the Harper government.

Canada exported a mere $128 million to Panama last year — but that country’s economy is growing at a blistering pace, with a 9.2 per cent increase last year despite the global recession.

The deal fits the step-by-step strategy now being pursued by the Harper government. That piecemeal approach will help fill the vacuum left by the apparent collapse of the Doha round of global trade talks at the World Trade Organization. Harper said he believes a similar conclusion may be motivating the European Union in seeking a free-trade deal with Canada.

Agreements with India, South Korea, among others, are in the works.

Just Posted

City of Red Deer gets ball rolling on annexing more land

”It’s important we look ahead,” says Mayor Veer

Walmart melding online and in-store shopping

South Red Deer Walmart recently underwent six months of renovations

Updated: Nature trail unveiled at RDC

Trail unveiling and tree planting honours Nova Chemicals $2 million donation

Video: Windows smashed at three Red Deer businesses

Red Deer RCMP arrest man after vandalism spree

Automated cars could kill wide range of jobs, federal documents say

OTTAWA — More than one million jobs could be lost to the… Continue reading

McGill research finds significant driving impairment 5 hours after cannabis use

MONTREAL — Driving under the influence of cannabis remains dangerous even five… Continue reading

Family: Remembering the important things

It seems so much of life is work and routine and then… Continue reading

Canada gets into Women’s World Cup with 7-0 win over Panama

FRISCO, Texas — Christine Sinclair isn’t concerned about chasing records. She’s set… Continue reading

Baldwin urges ‘overthrow’ of Trump government via voting

MANCHESTER, N.H. — Actor Alec Baldwin followed up his latest parody portrayal… Continue reading

Prince Harry and Meghan expecting their 1st child in spring

CANBERRA, Australia — Prince Harry and his wife, the Duchess of Sussex,… Continue reading

Sears files for Chapter 11 amid plunging sales, massive debt

NEW YORK — Sears filed for Chapter 11 bankruptcy protection Monday, buckling… Continue reading

Doctors to debate medical pot as more patients expected to ask for prescriptions

VANCOUVER — Doctors with opposing views on whether medical marijuana should be… Continue reading

Most Read