Canada province considers law to retaliate against 'Buy American'

By Reuters / February 20, 2018 / www.kitco.com / Article Link

TORONTO, Feb 20 (Reuters) - Ontario's Liberals, the ruling party in Canada's most populous province, introduced legislation on Tuesday that would give officials authority to retaliate against U.S. states that institute "Buy American" procurement policies.

The Fairness in Procurement Act would give Ontario's government authority "to take responsive action to address unfair government procurement practices" such as those being adopted in New York and Texas, Ontario's government said in a statement.

The legislation gives officials in the province, home to Canada's manufacturing heartland, authority to implement retaliatory measures "in proportion" to any restrictions that U.S. states impose on public procurement, the press release said. Ontario procurement agencies would be required to exclude companies from the U.S. state.

Ontario's Liberals, who have ruled for almost 15 years, face a tight challenge from conservatives in June elections.

New York Governor Andrew Cuomo in December signed "Buy American" legislation mandating the purchase of U.S.-made steel and iron products for public road and bridge construction. Texas implemented a similar law came in September.

(Reporting by Anna Mehler Paperny; Editing by Jim Finklel; Editing by Cynthia Osterman)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Recent News

Uranium volatility after Russia's US export restrictions

November 25, 2024 / www.canadianminingreport.com

Gold stocks rebound on metal bounce and equity rise

November 25, 2024 / www.canadianminingreport.com

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok