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Harper Government Advances Pro-Trade Plan to Open New Markets in 2012
Expanded trade opportunities for Canadian exporters are helping create jobs, growth and prosperity, says Minister Fast
December 27, 2012 - The Honourable Ed Fast, Minister of International Trade and Minister for the Asia-Pacific Gateway, today highlighted key accomplishments for 2012 of 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,” said Minister Fast. “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.”
In 2012, Canada continued to oppose protectionist measures and stand up for free and open trade, showing leadership on the world stage in what remains a challenging period for the global economy. From strong job creation and rock-solid economic fundamentals, to maintaining low taxes and other world-leading investment advantages, 2012’s accomplishments are clear proof that Canada’s Economic Action Plan is delivering real benefits for hard-working Canadians and their families.
Key accomplishments from 2012 that are helping create new jobs and opportunities for workers, businesses and exporters include:
- joining the Trans-Pacific Partnership (TPP) and participating in a first full round of negotiations;
- signing a two-year extension to the Canada-United States Softwood Lumber Agreement that secures access to the U.S. market for Canadian softwood lumber until 2015;
- launching the first round of negotiations with Japan toward an economic partnership agreement;
- making continuing progress toward trade agreements with the European Union and India;
- Prime Minister Stephen Harper and Prime Minister Yingluck Shinawatra of Thailand announcing that our two countries will pursue exploratory discussions toward a bilateral free trade agreement;
- achieving observer status with the Pacific Alliance, a grouping of four fast-growing Pacific countries in Latin America;
- the entering into force of the Canada-Jordan Free Trade Agreement;
- the Canada-Panama Economic Growth and Prosperity Act receiving royal assent;
- tabling of the expanded Canada-Chile Free Trade Agreement in the House of Commons;
- completing the fifth year of the five-year Global Commerce Strategy, the launching of cross-country consultations and the naming of an advisory panel to help shape the next phase of the Strategy;
- establishing a record number of trade missions in order to advance Canadian commercial interests abroad, including to India, China, Saudi Arabia, Jordan, Thailand, Cambodia, the Philippines, Russia and Libya;
- conducting a historic trade mission to Burma and establishing a Trade Commissioner Service presence there;
- making ongoing progress in implementing the Beyond the Border and Regulatory Cooperation Council Action Plans to improve the flow of people and goods between Canada and the United States, and laying the foundation for more jobs and growth in both countries.
- celebrating the 25th anniversary of the Canada-U.S. Free Trade Agreement; and
- continuing Canada’s leadership on the world stage in opposing protectionism and supporting free and open trade.
“Our government’s leadership in resisting protectionist measures and continuing to create new opportunities for our exporters has been key to Canada’s success,” said Minister Fast. “Thanks to our actions, Canadian workers, businesses and exporters, including small and medium-sized enterprises that form the backbone of our economy, 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.”
In less than six years, the Harper government has concluded free trade agreements with nine countries: Colombia, Honduras, Jordan, Panama, Peru and the European Free Trade Association member states of Iceland, Liechtenstein, Norway and Switzerland. Canada is also engaged in negotiations with large, dynamic and fast-growing markets, including the European Union, India, Japan and the countries that comprise the Trans-Pacific Partnership.
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A backgrounder follows.
For further information, media representatives may contact:
Office of the Honourable Ed Fast
Minister of International Trade and Minister for the Asia-Pacific Gateway
Trade Media Relations Office
Foreign Affairs and International Trade Canada
Follow us on Twitter: @Canada_Trade
Backgrounder - Canada’s Trade Leadership and Economic Successes in 2012
In 2012, Canada advanced its job-creating, pro-trade plan on a number of fronts:
Opening New Markets
- Asia-Pacific—Canada officially joined the Trans-Pacific Partnership (TPP) negotiations. The TPP is a regional trade and investment agreement being negotiated among 11 countries: Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam.
- Japan—Prime Minister Stephen Harper and Japanese Prime Minister Yoshihiko Noda announced the launch of negotiations on an economic partnership agreement. The first round of negotiations took place in Tokyo in November.
- European Union—Progress continued toward a Canada-European Union trade agreement.
- India—A sixth round of negotiations toward a Canada-India comprehensive economic partnership agreement took place in November.
- Latin America—The Canada-Panama Economic Growth and Prosperity Act received royal assent, and the expanded Canada-Chile Free Trade Agreement was tabled in the House of Commons. Canada also achieved observer status in the Pacific Alliance, a grouping of four of Latin America’s fastest-growing economies: Chile, Colombia, Mexico and Peru.
- Republic of Korea—Resumption of Canadian beef exports (banned since 2003) to the South Korean market was announced in January 2012, creating positive momentum in our trade relationship.
- United States—Minister Fast and United States Trade Representative Ron Kirk signed a two-year extension to the 2006 Canada-United States Softwood Lumber Agreement. The extension secures access to the U.S. market for Canadian softwood lumber until 2015.
- United States—Canada and the United States celebrated the 25th anniversary of the Canada-U.S. Free Trade Agreement. Since the coming into force of the Agreement, Canada’s annual GDP has risen by $1.1 trillion, nearly 4.6 million jobs have been created in Canada, and two-way trade in goods and services with the United States has more than tripled.
- Jordan—The Canada-Jordan Free Trade Agreement came into force on October 1, 2012.
- Costa Rica—A fifth round of talks to update the Canada-Costa Rica Free Trade Agreement took place in Ottawa in August.
- China—Minister Fast announced the joint release of the Canada-China Economic Complementarities Study, which highlights the potential to increase the prosperity of Canadians through greater access to the Chinese market.
- Morocco—A third round of negotiations toward a free trade agreement with Morocco took place in Ottawa in June.
- Mercosur—Progress continued toward further engagement with Argentina, Brazil, Paraguay and Uruguay—the countries that make up the Mercosur customs union.
- Thailand—Prime Minister Stephen Harper and Prime Minister Yingluck Shinawatra of Thailand announced that Canada and Thailand will pursue exploratory discussions toward a bilateral free trade agreement.
Standing Up for Canadian Interests
- United States—The World Trade Organization (WTO) Appellate Body confirmed that the United States Country-of-Origin Labeling (COOL) measure discriminates against trade in Canadian livestock and is therefore inconsistent with the WTO trade obligations of the United States.
- United States—A tribunal of the London Court of International Arbitration, convened under the Softwood Lumber Agreement, ruled that Canada had not circumvented the agreement, as alleged by the United States, with the timber-pricing system for British Columbia’s Interior.
- United States—Canada and the United States implemented a new import system for steel and steel products. The new measure will reduce congestion at the Canada-U.S. border and lessen the financial and administrative burden facing Canadian businesses.
Helping Canadian Businesses Expand and Succeed Abroad
- Trade missions—Minister Fast led trade missions to India, China, Saudi Arabia and Jordan, Thailand, Cambodia, the Philippines, Russia, Libya and a historic visit to Burma. The Honourable Diane Ablonczy, Minister of State of Foreign Affairs (Americas and Consular Affairs), led a trade mission to Peru, Colombia and Panama on behalf of Minister Fast. The Honourable Bernard Valcourt, Associate Minister of National Defence and Minister of State (Atlantic Canada Opportunities Agency) (La Francophonie), led a trade mission on behalf of Minister Fast to the Dominican Republic and Haiti.
Protecting Canadian Investors Abroad and Bringing Foreign Investment to Canada
- Prime Minister Stephen Harper announced the conclusion of negotiations toward foreign investment promotion and protection agreements with both Senegal and Tanzania. In May, Minister Fast announced the launch of negotiations toward foreign investment promotion and protection agreements (FIPAs) between Canada and both Benin and Burkina Faso.
- Ongoing FIPA negotiations with 13 other countries.
- Prime Minister Stephen Harper and China’s President Hu Jintao witnessed the signing of the Canada-China Foreign Investment Promotion and Protection Agreement (FIPA). Minister Fast and Chen Deming, China’s Minister of Commerce, signed the agreement.
Positioning Canada for Long-Term Prosperity
- Education—An advisory panel of eminent Canadians provided recommendations to help guide Canada’s International Education Strategy. International students contribute over $8 billion to the Canadian economy and $445 million to government tax revenue each year, supporting more than 86,000 jobs.
- A refresh of the Global Commerce Strategy—Minister Fast held cross-country consultations and named an advisory panel to refresh Canada’s Global Commerce Strategy (GCS), a central element of the government’s pro-trade plan to open new markets.
Helping Grow Private Sector and Business to Business Ties in Priority Markets
- Minister Fast announced the names of the Canadian members of the Canada-India CEO Forum. The business-to-business forum will help both countries reach a shared goal of tripling bilateral trade.
- Minister Fast announced the creation of the Canada-Association of Southeast Asian Nations (ASEAN) Business Council, which will focus on growing private sector cooperation between Canadian and Southeast Asian businesses. The Minister also announced the adoption of a 2012-2015 work plan to deepen trade and investment ties between Canada and ASEAN.
- Six Canadian business leaders were named to the new Canada-Brazil CEO Forum. The forum will help grow trade and investment ties with fast-growing Brazil.
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