Free Trade Agreements Panel: Let's Diversify
Learn how to adapt to the new CUSMA/USMCA/TMEC and maximize its benefits - and why Canadian businesses need to look to diversify trade via the TPP and CETA
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Friday, November 13, 2020
Anders Fisker - CEO & President, Fisker Customs & Logistics, Vice President, European Chambers of Commerce in Canada (EUCCAN)
Delphine Adenot Owusu - Executive Director, European Chambers of Commerce in Canada (EUCCAN)
Christian Sivière - President, Solimpex
Sara Wilshaw - Canada's Chief Trade Commissioner; Assistant Deputy Minister, International Trade Branch
The U.S. is our first export market, representing 75% of our total exports, and it’s also our first foreign supplier, representing about 55% of our imports. In effect since 1994, NAFTA is the tool that enabled this trade to grow. But it has since been renegotiated as the Canada-United-States-Mexico Agreement, with important opportunities and changes Canadian businesses need to understand.
Maintaining and improving our position in the US market is essential but market diversification is a necessity, to lessen our dependence on our neighbours and grow our business. Our other Free Trade Agreements, including the TPP and CETA are the ideal tools to achieve this.
Several industry surveys show that companies don't fully utilize trade agreements because they find the rules and requirements too complex.
Next, the presentation will focus in on CETA, which turns three years old in September 2020. CETA has been mutually beneficial to Canada and Europe, and represents a vital aspect of recovery from the coronavirus pandemic. You'll learn how and why to take advantage of Europe's huge market with a safe, stabe trade agreement.
See full program of the conference.