Minister of International Trade Francois-Philippe Champagne promotes investment in Canada at the B7 Business Summit

7 April 2018 cslbc CANADA 0


 

 

 

April 6, 2018 – Ottawa, Ontario – Global Affairs Canada

The Government of Canada is committed to broadening Canada’s trade ties, creating global opportunities for Canadian businesses and driving more job-creating investment into Canada.

After concluding his #TradeTalks tour of Quebec, Minister Champagne delivered a keynote speech to international business groups, investors and CEOs at the B7 Business Summit, held on April 4 to 6, 2018, in Québec, Quebec.

Minister Champagne highlighted Canada’s progressive trade agenda, which supports economic growth that works for everyone, and the global competitive advantages that Canada offers for international investors. The B7 Summit brings together leading international business organizations and is contributing to the G7 agenda by providing recommendations and proposals to the G7 leaders ahead of their upcoming summit. These recommendations were presented to Minister Champagne at the closing of the B7 Summit.

During his #TradeTalks tour of Quebec, Minister Champagne participated in discussions with local businesses and announced funding for Saint-Jean-sur-Richelieu under the Invest Canada – Community Initiatives (ICCI) program.

Quotes

“During the past few days, I have heard from companies about their international trade activities and concerns. It is inspiring to see the quality of Canadian exporters and their interest in the new opportunities available through recent progressive trade deals we have signed with Europe, Asia and Latin America and I am pleased to have brought this message to the B7 Summit.” 

– François-Philippe Champagne, Minister of International Trade

Quick facts

  • On September 21, 2017, provisional application of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) was launched. With this, 98% of Canadian and EU tariff lines became duty-free, creating new opportunities on both sides of the Atlantic.
  • The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was signed by all member countries on March 8, 2018. Combined, the CPTPP countries will eliminate over 95% of their tariffs, with the vast majority to be eliminated immediately upon entry into force of the CPTPP.
  • Invest in Canada works with global companies to attract foreign direct investment in sectors aligned with the government’s economic growth strategy, in particular in advanced manufacturing, agri-food, clean technology, digital technology, health sciences and bio-sciences, and clean resources.