An article on cross-border trade with Canada. President John Yohe of Megquier &
Date
12-8-2003
Pages
1, 16-18
Abstract
An article on cross-border trade with Canada. President John Yohe of Megquier & Jones Inc. in South Portland says his firm, which supplies structural steel components, is losing jobs in Maine because of lower-cost Canadian products. He blames the 1989 U.S.-Canada Free Trade Agreement (NAFTA). Greg O'Donnell, owner of Bangor-based Maine Valve and Fitting Co., bought a New Brunswick company and increased his sales 27 percent. The Legislature recently commissioned the first comprehensive study on the effect of NAFTA and cross-border trade on Maine businesses. Legislators have introduced bills that attempt to deal with the effect of NAFTA on the most-affected sectors--metal products, steel fabrication, natural resource-based industries, and manufactured housing. Canadian provinces have more power than Maine states to set their own import-export rules, despite NAFTA. With details the trade-related bills and how the new study is expected to guide the creation of future bills.
Subjects
Commerce, North American Free Trade Agreement (NAFTA)
Recommended Citation
Donahue, Sean, "An article on cross-border trade with Canada. President John Yohe of Megquier &" (2003). Maine News Index – MaineBiz. 2748.
https://digitalcommons.portlandlibrary.com/news_mainebiz/2748
Source
Mainebiz