AIAC Statement: Announcement of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP)January 23, 2018
(Ottawa, Ontario) – Today Prime Minister Justin Trudeau announced that Canada and ten other countries have reached a deal on a Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) and aim to sign the agreement in March 2018.
Jim Quick, President and CEO of the Aerospace Industries Association of Canada (AIAC), issued the following statement in response to the announcement:
Along with technical agreements on certification and maintenance, free trade agreements play a critical role in fostering open trade and business opportunities for Canadian aerospace companies in foreign jurisdictions – opportunities that are essential to our industry’s ability to grow, innovate and employ Canadians. The CPTPP creates a level playing field for Canadian companies to compete in the Asian market, and it ensures that our access to key markets such as Singapore and Japan remains strong. We are very pleased that Canada is a partner to this important agreement, and we thank Prime Minister Trudeau, International Trade Minister Francois-Philippe Champagne, and all of their colleagues and officials for their hard work and commitment to Canadian trade leadership.
AIAC is the national association representing Canada’s aerospace manufacturing and services sector. As the world’s fifth-largest aerospace industry, Canada’s aerospace sector contributes nearly $28B to the economy in GDP, exports 80% of its output, and dedicates over 20% of its activity to research and development (R&D). Aerospace is responsible for the employment of 208,000 Canadians.
Senior Director, Communications & Marketing
Aerospace Industries Association of Canada
(613) 232-4297 x225