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"No Guarantees" On New Protectionist Policies

 
 

LETHBRIDGE: The U.S. Consul for Alberta, Saskatchewan and the Northwest Territories had little assurance for a group of Lethbridge business owners at a Chamber of Commerce meeting in the city Thursday. Laura Lochman addressed concerns over "Buy American" policies introduced by the Obama administration last week that still need to pass through Congress. She said U.S. politicians are "very aware" of the importance of trading on both sides of the border, but there's a possibility Canada could be shut out of future deals.

"We don't know what they'll look like in the final analysis. But certainly we need to keep in mind the special trading relationship with Canada and the fact that we are a supply chain trading partner," Lochman told Country 95 News. She described negotiations made the last time the U.S. implemented "Buy American" incentives.

"We eventually came into an agreement under which Canadian companies could bid on some of the projects being funded at the municipal and local levels in the U.S., which is where they were barred," said Lochman. "At the same time, the Canadian provinces agreed to open up their government procurement processes - so it was a mutually beneficial agreement." She said it was "too early to tell" whether the new policies will have similar exceptions for cross-border trade.



Posted on Thursday, September 15, 2011 at 4/19/2014 4:40:15 PM
Source: Marion Warnica, Country 95 News - photo by Country 95 News: U.S. Consul General Laura Lochman speaks to Lethbridge business leaders Thursday
 
 
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