Meeting in Mexico City on October 20, leaders of the chemistry industry associations in Mexico, the United States and Canada expressed concern with the status and outlook for negotiations underway to modernize the North American Free Trade Agreement (NAFTA).
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In the summer, CIAC made a submission on the 2018 pre-budget consultations to the House of Commons Standing Committee on Finance, and on September 20th, Bob Masterson, CIAC President and CEO, had the opportunity to appear before the committee to address the recommendations.
The key messages laid out in Masterson’s remarks were the importance of federal investment for the Canadian chemistry industry and how the federal government can help support the sector.
On September 7, the national associations representing the chemistry industry in North America provided their respective North America Free Trade Agreement (NAFTA) negotiating teams with comprehensive advice in two joint statements that will contribute to improved outcomes for all three partners to NAFTA.
On June 6, Bob Masterson, CIAC president and CEO, gave the keynote address at the CERI Petrochemical Conference in Kananaskis, Alberta: “Rowing in the Same Direction – What’s Needed to Realize Petrochemical Investment in Canada.” He addressed concerns related to the changing nature of Canada-U.S. relations and how industry and government can – and need – to work together for Canada to keep its place in the global economy.
“As the political environment to the south continues to be highly uncertain, some global investors may look to more stable environments to support their next major capital investments,” Bob Masterson, CIAC President and CEO writes for the Edmonton Journal.
Now is the time for Canada to pay more attention to Alberta’s potential, and build on the momentum generated by the provincial government to support further growth.
On May 18th, David Podruzny, CIAC Vice-President, Business and Economics, appeared in front of the Standing Committee on Foreign Affairs and International Development to discuss the importance of trade to the chemistry sector. “If we are to retain and grow this valuable sector, which contributes to our quality of life and provides solutions to global challenges, we must respond – Canadian policy must be shaped to win, to make a difference,” Podruzny said.
On May 16th, Bob Masterson, CIAC President and CEO, and David Podruzny, Vice-President Business and Economics, appeared in front of the Standing Committee on International Trade to discuss trade policies for the chemistry industry. “It is clear that free and fair trade in chemicals will remain of vital importance for this industry to realize the contributions demanded from it in the coming decades,” Masterson said.
On May 3, CIAC president and CEO Bob Masterson and David Podruzny, Vice-President of Economics, along with representatives from the Canadian chemical industry, met with members of the federal government to highlight how the chemistry industry can be a solutions provider to the government’s agenda.
The industry continues to grow at a rapid pace, but more investment from the federal government would help support several upcoming projects.
As the Liberal government looks to attract considerably higher rates of foreign investment into innovative sectors with high growth prospects, more attention needs to be paid to Canada’s chemistry sector. Currently, there are more than $12 billion in investments representing four global scale chemistry projects awaiting decision by year’s end that would create hundreds of […]
The chemistry industry is a proven solution to all the government’s objectives and with similar federal involvement in the chemistry sector investments the Liberals will be able to tick off not only a small win for themselves, but most importantly, for Canadians.