Harper Government Highlights Widespread Benefits Historic Canada-EU Trade Agreement Will Bring to Canada
Deeper trade with the European Union will create new jobs and opportunities in every region of the country, says Minister Fast
October 22, 2013 - The Honourable Ed Fast, Minister of International Trade, today said that workers and businesses in key industries across Canada stand to greatly benefit from the historic agreement in principle reached on a Canada-European Union Comprehensive Economic and Trade Agreement (CETA), announced by Prime Minister Stephen Harper and European Commission President José Manuel Barroso last week. Minister Fast made his remarks during the 82nd annual meeting of the Canadian Association of Importers and Exporters in Mississauga.
“This is the biggest, most ambitious trade agreement that Canada has ever reached, and it will generate substantial gains across all key economic sectors covering every region of Canada,” said Minister Fast. “In fact, Canada will be one of the only developed countries to have preferential access to the world’s two largest markets: the European Union and the United States. The competitive edge and combined access to these markets—and their more than 800 million affluent consumers—will make Canada the envy of trading nations all over the world. It will also make Canada an even more attractive destination for investors and manufacturers, and this in turn will create thousands of new jobs and new opportunities for all Canadians.”
Canadian workers in every region of the country—in areas including manufacturing, fish and seafood, metal and mineral products, technology, forestry and wood products, and agriculture and agri-food—stand to benefit from increased access to this lucrative, 28-country market that currently generates $17 trillion in annual economic activity.
“Our government is focused on what matters to all Canadians: creating new jobs and new opportunities,” said Minister Fast. “The elimination of approximately 98 percent of all EU tariffs on the first day the agreement comes into force will translate into new export opportunities for Canadian businesses of all sizes.”
For more information about the vast benefits of CETA, please visit actionplan.gc.ca/CETA.
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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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