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Canadian Govt Promotes 2012 Trade Accomplishments

by Mike Godfrey, Tax-News.com, Washington

01 January 2013


Canada's International Trade Minister Ed Fast has been promoting his government's key trade accomplishments for 2012, stressing the importance of what he calls the most ambitious trade-expansion plan in Canada’s history.

“Our government’s top priority is creating jobs, growth and long-term prosperity in every region of Canada. That is why we are working hard to open new markets to increase Canadian exports to the world’s largest, most dynamic and fastest-growing economies and regions," Fast said.

Fast added that Canada continued to oppose protectionist measures throughout 2012, while simultaneously promoting free and open trade. The result of such action, Fast said is that the country's workers, businesses and exporters "now have preferred access to, and a real competitive edge in, more high-growth and emerging markets around the world than at any other time in our history.”

Among the achievements highlighted by Fast are Canada's participation in a full round of negotiations toward a Trans-Pacific Partnership (TPP), and the launch of trade talks with Japan and Thailand. Canada's free trade agreement (FTA) with Jordan has now entered into force, and its deal with Panama has recently received Royal Assent, while an arrangement with Chile has been tabled in parliament. In addition, a two-year extension to the Canada-United States Softwood Lumber Agreement has been signed, securing access to the US market for Canadian softwood lumber until 2015.

Progress has been made in negotiations with the European Union (EU) and India, and Canada has achieved observer status in the Pacific Alliance. Trade missions to Burma, India, China, Saudi Arabia, Jordan, Thailand, Cambodia, the Philippines, Russia and Libya, have also been carried out.

 

TAGS: Russia | tax | business | free trade agreement (FTA) | Burma | Chile | India | Saudi Arabia | export duty | trade treaty | China | Libya | Philippines | Thailand | agreements | Cambodia | Canada | Jordan | United States | import duty | trade | European Union (EU) | Japan | Panama | Europe

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