Created on 10/1/2018 2:09:47 PM
FCPC welcomes the agreement in principle for a renewed United States-Mexico-Canada trade agreement (USMCA). We also congratulate Canada’s negotiation team on their efforts to deliver a trilateral trade agreement that supports stability and greater investment among our North American partners.
“The integrated manufacturing supply chain that exists between Canada, the U.S. and Mexico is of critical importance to FCPC and its members,” explains Michael Graydon, CEO, FCPC. “The agreement reached last night will help alleviate months of uncertainty felt by food and consumer manufacturers from across the country and provide the basis for a stronger trade relationship with our partners to the south.”
FCPC will be carefully reviewing the new agreement and assessing specific details on market access. We remain concerned with the retaliatory tariffs imposed since July 1st on food and consumer products as well as packaging, which continue to negatively impact FCPC members and Canadian consumers through increased costs and reduced choice, compromising the competitiveness of companies operating in Canada and disrupting our highly integrated North American supply chain.
Canada’s food and consumer products industry represents Canada’s largest manufacturing employer, supporting more than 300,000 jobs from coast to coast and contributing nearly $29 billion to Canada’s GDP in 2015. Our industry employs more than the automotive and aerospace sectors combined. A significant number of food and consumer manufacturers operate both in Canada and the U.S., making yesterday’s agreement of critical importance to the sector. FCPC welcomes additional talks aimed at removing steel and aluminum tariffs and Canada’s retaliatory counter tariffs with the goal of working together on an approach that does not negatively or disproportionately impact the food and consumer products industry.