(OTTAWA) – October 16, 2018 – The Canadian Chamber of Commerce issued the following statement today in response to the Standing Senate Committee on Banking, Trade and Commerce’s recommendations to improve Canadian business competitiveness:
“We enthusiastically welcome the Senate Committee’s timely report and its recommendations for improving Canadian competitiveness. Much of what the Committee proposes has been at the core of the Canadian Chamber’s advocacy efforts in recent years, and we are pleased to see the growing support for measures that will encourage investment, create jobs and prosperity for all Canadians.
“The Chamber is delighted to learn of a deal in principle for a renewed NAFTA. This step forward comes as a relief for our members who have been searching for much-needed clarity and predictability in the relationship with our NAFTA partners.
As with any trade agreement of this breadth and scope, the Chamber will want to carefully review the details before making a final assessment. Specifically, we will seek clarity on how the agreement addresses the existing tariffs on Canadian steel and aluminium, as well as how it will ensure that tariffs and quotas upon Canada’s auto sector exports will be avoided.