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CME applauds CETA negotiation completion

Published by Brad Fougere on August 05, 2014

Canadian Manufacturers & Exporters (CME), Canada’s largest and most influential business network, applauds the Canadian government for completing negotiations of the Comprehensive Economic and Trade Agreement with the European Union.

"Opening the European market and its 500 million consumers to Canadian exports is a monumental accomplishment and will create countless opportunities for Canadian firms to find partners for product development, technology licensing, manufacturing, distribution and investment,” said CME President and CEO Jayson Myers

“Doing business outside of Canada can be a daunting experience for many Canadian exporters, especially for smaller companies,” Myers said. “CETA will address a majority of the tariff and non-tariff regulatory barriers to trade and investment that can make exporting so difficult.”

CME believes that the early forecasts of 80,000 new Canadian jobs looks to have been greatly underestimated. The most favoured nation status will have ranging benefits through the supply chains of, not just continental Europe, but, also through Africa, central Asia, China, India, the Asian Pacific and Latin America.

“Now that the negotiations have completed, CME is urging both sides to ratify the deal in a timely manner to expedite the benefits of the free trade agreement to both parties,” said Myers.

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