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Review of aerospace and space programs and policies a blueprint for driving growth in critical industry sector: CME

Published by Derek Lothian on November 30, 2012

Canadian Manufacturers & Exporters (CME) welcomes the conclusions of the Aerospace and Space Programs and Policies review led by the Honourable David Emerson.

"Implementing the report's recommendations will significantly strengthen one of the most innovative sectors in the Canadian economy and grow its ability to succeed against increasing global competition," says CME President & CEO, Jayson Myers.

The report addresses many aspects of government policy supporting the Canadian aerospace industry, including innovation, market access and development, skills development, procurement, and supplier development.

CME worked closely with the Aerospace Industries Association of Canada (AIAC) and its various working groups to define a common vision for the future of the industry. Together, the groups formulated policy recommendations that address current challenges and position Canada to take advantage of opportunities in domestic and global markets.

According to a Deloitte AIAC report in 2010, The Strategic and Economic Impact of the Canadian Aerospace Industry, the sector benefits the whole of our country's economy. For example, it accounts for seven per cent of Canada's GDP, and generates 45 cents of indirect impact for every dollar of output.

"The aerospace and space sectors are two anchors of wealth creation for the Canadian economy and its manufacturing sector," added Myers. "Implementing those recommendations will not only allow these two industries to grow their Canadian footprint, but also benefit other manufacturers throughout their supply chain."

CME welcomes Emerson's recommendations and looks forward to working with its members and the government to continue to strengthen Canada as a world centre of aerospace and space excellence.

Found in: cmenews news

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