STATEMENT BY AIAC ON THE LIFTING OF U.S. TARIFFS ON CANADIAN ALUMINUMSeptember 15, 2020
OTTAWA (ONTARIO), Sept. 15, 2020 – Jim Quick, President & CEO of the Aerospace Industries Association of Canada, today issued the following statement regarding the United States lifting tariffs on Canadian aluminum as the Canadian government was set to announce counter tariff measures.
“Today’s announcement is good news for Canada’s aerospace industry. AIAC was pleased to work closely with Canadian parliamentarians and federal officials to protect global supply chains and ensure Canadian aerospace companies, already facing the devastating effects of COVID-19, don’t bear any further pressures in the form of tariffs or other policy measures.
“As an industry heavily dependent on exports and trade, free trade agreements enable our companies to access new markets around the world. Canadian aerospace businesses of all sizes benefit through reduced barriers to accessing open markets.
“Trade has, and always will be, important for the aerospace sector and AIAC will continue to do everything we can to protect Canadian companies during this particularly challenging time. Ensuring a strong Canadian aerospace sector is crucial to the rebuilding of Canada’s economy given aerospace’s substantial contributions to our nation’s economic health on an annual basis – $31 billion in revenues, over $25 billion to GDP and nearly 215,000 jobs.” said Quick.
For more information, please visit: www.aiac.ca
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 $25B to the economy in GDP, exports 75% of its output, and dedicates over 20% of its activity to research and development (R&D). Aerospace is responsible for the employment of 215,000 Canadians.
More details: www.aiac.ca
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