Focused on Trade for a Stronger Economic Recovery
February 28, 2012
On Tuesday, Ed Fast, Minister of International Trade and Minister for the Asia-Pacific Gateway, reiterated the Harper Government’s support of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA).
Completing Canada’s economic recovery is the top priority for Stephen Harper’s Conservative Government.
As trade is equivalent to 60 per cent of our economy, and is linked to one in five jobs, our Government is continuing to collaborate with our provincial and territorial counterparts to maximize the benefits for businesses looking to expand and succeed abroad.
For example, Canadian workers in the aerospace, aluminum, wood, transportation, agriculture, fish and seafood, and renewable energy industries have a vested interest in our gaining increased access to the European Union (EU) market. There is no larger integrated economy in the world than the EU. Therefore, the Canada-European Union Comprehensive Economic and Trade Agreement is an important venture.
The benefits to Canadians following the implementation of CETA are estimated to be:
- a 20 per cent boost in bilateral trade
- a $12 billion annual increase to Canada’s economy
- a $1,000 increase to the average Canadian family income
- the creation of approximately 80,000 new jobs
The Harper Government remains committed to an ambitious and balanced trade agenda, and we look forward to the benefits that these negotiations will have for Canada over the long-term.