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FCPC comments on the 2018 Fall Economic Statement
Created on 11/21/2018 5:45:33 PM

Nov. 21, 2018 -- FCPC welcomes the federal government's measures to improve competitiveness to help the food and consumer products industry build and grow in Canada. The government listened and took action on many of the concerns we raised on behalf of our member companies.   

We are pleased to see the government introduce new tax incentives to accelerate business investment, which will encourage Canada’s food and consumer product manufacturers to invest in machinery, equipment and clean energy technology. These measures will help to grow and sustain our industry in Canada.

These changes to the tax system make us more competitive in North America. Over the past year, a significant number of our members saw their competitiveness and market position erode because of U.S. tax changes and Canada’s retaliatory tariffs on food and consumer products in response to the steel and aluminum dispute. The measures announced today are a step in the right direction.

Given the ongoing uncertainty with our southern neighbour, we are pleased that the government launched an export diversification strategy. We also welcome the additional support for the Strategic Innovation Fund and look forward to working with government so that our industry can access this new funding. Commitments to remove barriers to internal trade by harmonizing food regulations and inspections between provinces and territories and to modernize federal regulations and encourage regulators to consider economic competitiveness are critical to helping address our regulatory challenges.    

We are also pleased that the 2018 Fall Economic Statement includes several measures that will help to deliver progress on many of the recommendations made by the Economic Strategy Tables.  In the next federal budget, we urge the government to implement the remaining recommendations from the Agri-Food and Advanced Manufacturing Economic Strategy table reports.

FCPC looks forward to working with the federal government to build a more competitive Canadian manufacturing climate as global challenges increase and future cooperation with our largest trading partner remains uncertain. We encourage the federal government to carefully consider how domestic policies and regulations impact food and consumer manufacturers' ability to operate within Canada and export products that align with global demand. The accelerated pace of new regulations and the growing cost of doing business in Canada continue to be key challenges for Canada's top employers in manufacturing.

 

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FCPC is Canada’s largest industry association representing companies that manufacture and distribute the vast majority of food, beverage and consumer goods found on grocery and drugstore shelves across the country.  We are the largest manufacturing employer in Canada – more than the automotive and aerospace sectors combined – directly employing nearly 300,000 Canadians from coast to coast, contributing nearly $29 billion annually to the country’s economy and providing safe, high-quality products that are found in virtually every single home in Canada. Our membership is truly national, providing value-added jobs to urban and rural Canadians in most federal ridings in every region of the country.


 

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