Minister Fast Highlights Canadian Leadership in Aerospace, Defence and Security Industries at Trade Show
British Columbia’s aerospace, defence and security industries are recognized worldwide for highly specialized products and services
August 7, 2013 - The Honourable Ed Fast, Minister of International Trade, celebrated Canadian expertise during opening remarks at a business luncheon today at the 2013 Aerospace, Defence and Security Expo (ADSE) in Abbotsford, British Columbia.
The ADSE annual trade show attracts major industry players, with a particular focus on British Columbia and trade between North America and the Asia-Pacific region.
“Our government’s top priority remains creating jobs and growing our economy,” said Minister Fast. “British Columbia’s aerospace and technology companies contribute billions of dollars to our Canadian economy each and every year. Thanks to their highly skilled and talented workforce and capacity to produce highly specialized products and services, our Canadian companies compete with the best in the world and win.”
The government’s Canada First Defence Strategy is in place to help meet Canada’s naval, air force and army equipment needs for the 21st century. This strategy will contribute to creating an environment that will enable Canadian companies to continue to excel in international markets and to take advantage of the growth in worldwide airplane sales and increased air traffic between North America and the Asia-Pacific region.
“The Government of Canada plays an important role in establishing a business environment so our industries can succeed at home and abroad,” said ADSE Committee Co-Chair Linda Wolstencroft. “We encourage the government to continue its policies that help us create jobs and prosperity.”
Aerospace is critical to Canada’s economy, consistently ranking as one of the country’s top manufacturing sectors. Over 80 percent of the sector’s output is exported, and in 2012, aerospace revenues in Canada exceeded $22 billion. Directly and indirectly, aerospace employs 170,000 Canadians. Aerospace is also Canada’s largest exporter of leading-edge technology—ranked third worldwide in civil aircraft production.
The defence and security sector employs 109,000 Canadians and contributed more than $12.6 billion to the Canadian economy in 2011. In terms of economic impact, for every $1 billion the Government of Canada spends supporting Canadian defence and security firms, 18,000 jobs are created or sustained in Canada.
“In my trade missions around the world, I am proud to promote Canada’s aerospace, defence and security sectors and to work closely with industry through our Global Commerce Strategy to open new markets,” added Minister Fast. “That is why our government is pursuing the most ambitious pro-trade plan in Canadian history.”
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For further information, media representatives may contact:
Office of the Honourable Ed Fast
Minister of International Trade
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