A successfully concluded free trade pact will consolidate co-operation between the USA and Canada, and be of economic benefit to both. It will provide an effective example of liberalizing trade in a world riddled with protectionist tendencies. Failure on the contrary will inflame nationalist sentiments on both sides. The outcome of the trade negotiations may also influence co-operation in other fields such as acid rain, Arctic sovereignty and North American air defence.
Rarely is Canada's external policy the subject of controversy. The country occupies a relatively modest station in the world and exerts its influence through quiet diplomacy, usually coordinated with its allies, and particularly with its major partner, the United States. Canada's foreign policy reflects the nature of the polity itself: it is marked by stability, a penchant for compromise, and a distinct disinclination for rapid political change. Over the last 40 years, there has been a fundamental continuity in Canada's strategic policies, but there has also been a fundamental tension in Canada's position toward the two superpowers.
