A new trade arrangement signals the end of the 'European' way of doing business

Wayne Garnons-Williams, a trade lawyer from Moosomin First Nation, has had enough of doing business in Europe. He said that exhausting resources at the cheapest possible cost benefits shareholders. There are other methods out there. The European method is what it's called. Look at what it has to offer. It has a great economy. At what price? What is the cost of the environment?

The Canadian Indigenous representative at the negotiations was Garnons- Williams. Canada, Australia, Taiwan, and New Zealand came together on June 24 to launch the arrangement and commit to better integrating Aboriginal businesses into the global economy.

Moosomin is a community of about 2,000 on- and off-reserve members that control nearly five million acres north of North Battleford.

Garnons-Williams believes that the new pact could be a model for a world in ecological crisis because it takes trade in a different direction.

Garnons-Williams said that we are not at the top of the apex looking down on the rest of the world. We live in the world. We depend on it. Indigenous philosophy says we have a responsibility to give back and take what we need when we use the resources.

Christine Lagarde is the president of the European Central Bank and Dave McKay is the chief executive of the Royal Bank of Canada. McKay's institution produced a report earlier this year that argued involving Indigenous communities could accelerate Canada's efforts to create an economy that doesn't generate net carbon emissions. The report says that incorporating Indigenous values and traditional knowledge will lead to more sustainable and profitable outcomes.

The recognition is centuries too late and doesn't make up for the pain European settlers and their descendants inflicted on millions of people.

(IPETCA) ensures that the interests of the Indigenous people be the first thought, and not an afterthought

Lisa Smith

At the IPETCA endorsement ceremony in June, Lisa Smith, president of the Métis Nation of British Columbia, said that the interests of the Indigenous people were the first thought. Indigenous people are often an unimportant part of the equation.

History of exclusion

IPETCA is more of a philosophy than an agreement. It doesn't have concrete policies at the moment. The policies will come, and the process will be put in the hands of the Indigenous people. Canada's trade minister said that Indigenous people would be the ones to tell them what they needed.

Capital is one of the things Canada's Indigenous people need. The former Bank of Canada deputy governor said in a speech in May that First Peoples don't have access to the traditional banking system. Section 89 of the Indian Act made it difficult for Indigenous people to get credit.

The longstanding history of Indigenous exclusion from the economies is addressed by IpetCA. You can tell that story in New Zealand, in Australia, in the United States, and in Chinese Taiwan.

(IPETCA) addresses the longstanding history of Indigenous exclusion from the economies based on the deliberate isolationist policies

Wayne Garnons-Williams

In New Zealand, the British Crown reduced Mori landownership to 17 percent because of unfair prices. Australia's neighbours did not fare better. Slave labor was used in exchange for ration during the Stolen Wages period of the 1800s to 1970s. The Taiwanese Indigenous people lost a lot of their land to the Chinese in 1895.

It is no surprise that Indigenous people are poor. The Mori economy is called a developing economy. Mori are more likely to be unemployed and less likely to own a home. The Australians, as well as the Indigenous Taiwanese, make less money on average.

It's not clear if IPETCA will be enough to counteract decades of colonial economic oppression.

The Mori are doing well on their own. Despite the setbacks they have faced, the Mori have strength in numbers and are better positioned to push for political representation than their Australian neighbours. An estimated $50 billion is held by the Mori in stakes in New Zealand's fishing, farming, and forest industries. When political needs are taken into account, it is possible to see the economic potential of Indigenous people.

According to the 2016 census, five percent of Canada's population is made up of aboriginal people. According to Export Development Canada, there are 50,000 Indigenous-owned companies. The number is expected to grow as Indigenous Peoples gain treaty rights that have been denied them. According to Royal Bank, they have up to $100 billion in outstanding land claims and up to $20 billion in trust assets.

The report concluded that incorporating Indigenous values and traditional knowledge will lead to more sustainable and profitable outcomes.

‘Funding is an issue’

Today's decisions should lead to a sustainable world seven generations into the future according to the Indigenous Seventh Generation principle. The premise was dismissed along with other Indigenous teachings in the colonial era, and has now reappeared amid the climate crisis. The central pillar of the world trading system would be the understanding that there are limits to our resources. The cost of production should include giving back to that resource to ensure that there are future resources down the line.

Nicole McLaren wants IPETCA to get access to mentorship. She said that she ran into issues when she was trying to expand her subscription gift box service to the United States because she lacked credible advice. McLaren was unable to use the nameRaven Reads for her U.S. subsidiary because of trademarking issues. McLaren renamed her U.S. subsidiary after saying "Thank you" in the Métis language.

Capital is a major issue for Indigenous entrepreneurs according to a speech by the former central bank governor. Cindy Crowe, who runs Niibing Tribal Tours, a tourism company based out of Neebing, Ont., about 35 kilometres southwest ofThunder Bay, said she's being held back because it's difficult to round up financing to build the river crossing, gazebo, and other

The tourism industry has not recovered completely despite the federal government's removal of wage subsidies. She said that she requires mentorship from organizations such as Indigenous Tourism Ontario. Funding is a problem. Capital funding is needed to build structures on my property. There is a lot of competition for funding.

A vague trade arrangement won't helpCrowe build her gazebo Wanda is an Indigenous scholar who teaches in the department of Native Studies at the University ofManitoba. She said that the biggest strength of IPETCA is to see how front-and-center Indigenous perspectives are.

The arrangement, which was built with Indigenous contributions, is a milestone in the push for Aboriginal Peoples to be included in the economy as equals. The Indigenous people decided what they wanted to do and we listened to them.

It is a deviation from the norm. Most of the research that has been done on policy collaboration between the government, Indigenous Peoples, and other stakeholders has not had a single Indigenous voice. People who are going to be involved in the project should have their voices heard. I would like that to be respected.

Government institutions will need to communicate. If governments act, IPETCA will have a benefit, according to an editorial in the Taipei Times English language newspaper. It said that IpetCA should be supported by more opportunities for Indigenous Peoples.

There needs to be a balance between Indigenous and Western views. The street is not a one-way street.

The approach is referred to as "etuaptmumk" by the Mi'kmaq. The Royal Bank said that it refers to seeing with one eye with the strength of Indigenous stewardship, knowledge, and ways of knowing.

Garnons- Williams agreed. He thinks that the ideals of science and technology should be used for preservation. The way for cultural and philosophical sea change will be paved by IPETCA. We can't keep doing it the way we've been doing it

The email address is Mcoulton@postmedia.

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