| Show Canadian Neighbors At the moment relations between between be- be tween the United States and Canada Canada Can Can- ada are fairly cordial as well as economic economic- ally Yet there are stubborn problems facing our two nations whose common unfortified border border bor- bor der extends for nearly miles IMPROVING TRADE RELA RELATIONS Both Canada and the United States have lately been making fairly substantial progress In lowering troublesome tariffs Thus they have opened the way to a freer Creer flow of trade between the two countries However the situation Is still far from from ideal common sense dictates that we I continue to explore ways and means of securing closer economic economic eco eco- cooperation In an age which for all Its promise Is still fraught with dangers and uncertainties Canada Can Can- ada and the United States must for their mutual benefit and protection strengthen n g the n by every possible means the historic historic his his- cultural and economic ties that have always alwa's joined them CANADAS CANADA'S VULNERABLE POSITION At times the US U.S. shows signs of irritation because In some instances Canada seems to be beholding beholding holding back in the matter of liberalizing tariff po policies Ii c i e s. s There is a feeling among some Americans that Canada is dragging drag drag- ging her heels either because of excess nationalism or out of sheer cussedness A greater awareness of Canadas Canada's position in world trade would convince these pessimists that Canada Is proceeding slowly toward freer trade hade with the US U.S. simply b because cause she must If we took the trouble to learn more about Canada and what makes her tick economically we would discover that she has hasan hasan an enormous stake in foreign trade Her position In fact is vulnerable because she is more dependent on exports and imports imports im- im ports than any other nation In Ina ina a comparable world position But the Importance of foreign trade to the Individual Canadian Is not even appreciated much less understood here In the United States Though the US U.S. has ten times the population of oC Canada and ande we e carry carryon a vastly greater Internal and external business imports and exports are of far less consequence to tol l the Individual American than to the Individual Canadian The large stake of the Canadian In his foreign trade limits his ability to take risks risks' in trade I negotiations CHANCES OF ECONOMIC UNION From time to time In this century there have been both bothIn bothin In Canada and In the United States strong advocates of economic union Such a union would provide complete elimination elimination I nation oH between the two nations It would also I provide for a common currency and a common treasury I IOne One of the best arguments in favor of economic union is that It would relieve Canadians of 01 the necessity of ran ranging ing far afield to find markets for their products It would also greatly stimulate the flow of US U.S. capital capital capi- capi tal Into Canada But there will be no economic union between Canada and the theUS US U.S. any time soon It would not be a practical move now simply because neither Canadians nor Americans are psychologically readY for it One day there will willbe Ibe be such an economic union but before that time comes foundation must be laid NORTH AMERICAN COMMON MARKET While strong tides of nationalism nation nation- on both sides will delay economic union between the US U.S. and Canada Canada the idea of closer business cooperation 0 n will not be permitted to die Competent officials and business business busi- busi ness leaders of the two nations are constantly studying t h his i s J whole relationship The first big step toward such union could couldwell well be taken before very long Look for the formation of a North American Common Market Market Mar Mar- ket by 1370 1970 sooner If Britain Bri- Bri tamn tain joins the European Common Market before then thus leaving Canada out in the cold SUch an economic alliance between Canada Canada Can Can- ada and the theUS U. U S. S will help mightily might might- fly ily In the development of Canadian Canadian Ca- Ca nadian es and will also work to the benefit of the theU U US U.S. S |
