HomeCanadaMinister Ng concludes productive Mutual Committee Meeting on Canada-European Union Comprehensive Economic...

Minister Ng concludes productive Mutual Committee Meeting on Canada-European Union Comprehensive Economic plus Trade Agreement

Minister Ng reiterated Canada’s ongoing efforts to hold Russia to are the reason for its illegal, unjustifiable and unprovoked invasion of Ukraine and the worsening humanitarian, energy and food crisis within Europe. This includes imposing severe sanctions on the Russian program and Canada’s work in order to stabilize energy markets by helping to address short-term provide shortages, while continuing to advance clean hydrogen, strengthen vital mineral supply chains, plus support opportunities to increase liquefied natural gas exports. December 2, 2022 – Ottawa, Ontario — Global Affairs Canada Canada and the European Union have a strong bilateral trade and expenditure relationship, rooted in a shut economic partnership and historical people-to-people ties. Today, the particular Honourable Mary Ng, Ressortchef (umgangssprachlich) of International Trade, Foreign trade Promotion, Small Business and Financial Development, concluded a successful Comprehensive Economic and Trade Contract (CETA) Joint Committee Meeting. Yesterday, while in Québec’s Montréal metropolitan area, Minister Ng welcomed the Valdis Dombrovskis, European Commission Executive Vice-President (EVP) and European Commissioner for Trade. Minister Ng and EVP Dombrovskis performe across the country Nano One Material’s brand new plant in Candiac, Québec, which produces material for your electric vehicle battery supply chain and is one of the companies contributing to the implementation of Canada’s critical mineral technique.
Ressortchef (umgangssprachlich) Ng welcomed the Mutual Committee’s work to ensure that CETA continues to respect workers’ legal rights, provide a high level of environment protection, and benefit ladies and Indigenous owned small plus medium-sized enterprises (SMEs). Throughout the meeting, Canada and the EU committed to continue working together to resolve outstanding trade irritants and to seek clarifications with respect to CETA’s investment provisions. The ministers participated in a roundtable using a cross section of organizations symbolizing Canadian and European companies, including SMEs, women and Indigenous-owned companies, to discuss how CETA is contributing to transatlantic financial security and creating in order to grow bilateral trade. In Ottawa, Minister Ng and EVP Dombrovskis co-chaired the CETA Joint Panel meeting, at which they examined the positive economic benefits of the agreement for businesses, employees, and communities on both sides of the Atlantic. Minister Ng highlighted that over the past five years, two-way trade offers risen over 33%, along with Canadian exports to the EU reaching a record high of . 5 billion in 2021, an increase of nearly 50% from 2016.

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