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TPP will boost CME's goal to double manufacturing by 2030

Published by Brad Fougere on October 01, 2015

Canadian Manufacturers & Exporters (CME) has set a goal to double Canada’s manufacturing output and exports by 2030. We understand that in order to grow, companies must have access to new customers and new markets. This is why CME has been strong supporters of Canada’s involvement in the Trans-Pacific Partnership (TPP) and why we continue to push the Government of Canada to be part of the a final agreement expected this week.

The TPP will provide Canadian manufacturers and exporters preferential access to 800 million consumers and nearly 40 per cent of the world’s economy. This is an enormous marketplace with enormous growth potential. The opportunities are simply too great to for Canada to be excluded from.

However in order to compete and grow globally, Canadian companies must be competitive at home first. Throughout the TPP negotiations, and all recent free trade negotiations including with the European Union and South Korea, we have been working closely with federal government and our member companies to ensure Canada’s investment, regulatory and overall business environment is world class.

This is why while we fully support the government’s actions to conclude the TPP, we must be careful that the agreement supports investment in domestic industry and their ability to export abroad. This is critical in globally integrated industries such as automotive who require an agreement that is as least as good as major trading partners, especially the United States.

We look forward to working with the government on the conclusion and implementation of a successful TPP.

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