Fortune Minerals Ltd T.FT

US and Canada must work together to navigate troubled world

[Allman]

... Global supply chains are now badly strained, causing shortages in goods and commodities and driving inflation to levels not seen since President Reagan was in office. Consequently, we must act to not only shore up the resilience of our supply chains but increase cross-border trade. ...
North American business leaders have called on our respective governments to harness the potential of a fully implemented USMCA. That includes the USMCA Competitiveness Committee, which to date has not been given the focus or priority it deserves. ...
Today, in the face of geopolitical tensions, much of the world is coalescing into a series of formal and informal regional economic blocs. The U.S. and Canada must do even more to enhance continental competitiveness. We must think of ourselves as partners in a vital joint venture.
Canada is unlike many of America’s other trading partners. We share more than just a border. We share values and a common commitment to capitalism, democracy, equality, and environmental sustainability. ...
American business leaders must continue to speak out against protectionist measures which could disrupt or de-incentivize U.S.-Canada trade and investment. At the same time, they must explain how world events are influencing businesses, especially in relation to energy security.
To seize this moment and increase cross-border trade and investment, American business leaders should urge U.S. officials to act on three commitments in President Joe Biden and Prime Minister Justin Trudeau’s
Roadmap for a Renewed U.S.-Canada Partnership.
First, we must build the necessary supply chains to make the U.S. and Canada global leaders in all aspects of battery development and production by strengthening the Canada-U.S. Critical Minerals Action Plan and targeting batteries for vehicles as well as renewable energy storage.
Second, recognizing the benefits of our energy partnership and its highly integrated infrastructure, we must enhance cooperation as global leaders in responsible energy production both in traditional oil and gas as well as in renewable forms as the world transitions to a low-carbon economy. ...

https://fortune.com/2022/05/03/usa-canada-trade-energy-security-supply-chains-world-dodig-hyder/