Canada to Work with EU to Counter US Digital Trade Concerns
Canada's former chief trade negotiator, Steve Verheul, suggested that the country can gain strength by joining forces with other countries that have similar interests in addressing digital trade tensi
Canada to Work with EU to Counter US Digital Trade Concerns Canada's former chief trade negotiator, Steve Verheul, suggested that the country can gain strength by joining forces with other countries that have similar interests in addressing digital trade tensions with the United States. Verheul emphasized the need for Canada to work closely with the European Union to develop a unified approach on digital issues. Canada's former chief trade negotiator, Steve Verheul, said that while digital issues will continue to be a source of trade tensions with the United States, the country can gain strength by teaming up with other allies that have similar interests. Canada seeks stronger EU ties on digital tradeHe emphasized the importance of working closely with the European Union to develop a more unified position on digital issues. Verheul noted that the United States views policies targeting big tech companies as discriminatory and that it's difficult to design non-discriminatory policies due to the dominance of American companies in the digital sphere.He also stated that Canada needs to maintain some level of independence on these issues but must work with other countries that have similar interests to find ways to move forward. Eric Miller, president of the consulting group Rideau Potomac Strategy Group, gave the example of Netflix, which gets more than half of its revenue outside the U.S., highlighting the potential detrimental effects of unfavourable policies on large U.S. tech companies.Carney to announce new Canada EU summit plansPrime Minister Mark Carney has been working on establishing closer links with Europe, and the two sides are expected to announce the next steps in the deepening partnership at the Canada-EU Summit in Montreal at the end of October.
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