It used to be we talked about BRIC (Brazil, Russia, India, China). We will now be talking about MIC (Mexico, India, China). We used to talk about the developing markets of consumers. We are now going to be talking about trade. However, MIC means different things to different countries. The United States wants to reduce inbound trade from MIC. Canada, on the other hand, will/should be talking free trade agreements with MIC. Canada is starting free trade agreement exploratory discussions with China. Canada and Mexico will discuss a bilateral trade agreement if Mexico-US irritants escalate. India is quiet now, but Canada has a concluded free trade agreement that has stalled. It might be time for Canada to re-engage with India before India becomes a country of concern for President Trump.
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Cyndee Todgham Cherniak is the founding lawyer of LexSage, a boutique international trade law and sales tax firm in Toronto, Ontario. She has practiced for almost 20 years at Canada’s top Bay Street law firms.
Su’s practice focuses on compliance whether dealing with cybersecurity/privacy or import/export. She deals with regulatory, civil and criminal issues. Her clients come to her for assistance to solve current challenges but also to identify and manage risk.