Nafta 2.0: Dealing with the Devil
Despite being such a prominent component of the trade relationship, energy has hardly come up in Nafta talks. That could change
It's well known that Canada and the US share the longest undefended border in the world. What's less acknowledged is that they also share the world's largest bilateral trading relationship, amounting to almost $1 trillion a year, a partnership which has more than doubled since the North American Free Trade Agreement (Nafta) was implemented in 1993. A substantial chunk of that trade is in oil. Energy alone accounted for a fifth of all Canadian exports to the US in 2016—and that was in a year when oil prices were down, according to the Energy Information Administration. Now, President Donald Trump is threatening to upend a status quo that began with the Canada-US Free Trade Agreement in 1988 a
Also in this section
7 May 2024
Ample stocks and a soft demand outlook will limit how much LNG Europe can import this year
3 May 2024
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well