(CME via Marketwire)
Governments on both sides of the Canada-US border must take decisive action to respond to the competitive challenges facing manufacturers and the economy, according to a joint statement released today by North America’s top two industry groups.
Canadian Manufacturers & Exporters (CME) and the National Association of Manufacturers (NAM) are calling on policymakers to minimize lingering uncertainty and establish winning conditions for businesses to compete in the global marketplace and create stable, high-paying jobs. The announcement, made at the first-ever Canada-US Manufacturing Summit in Montreal, outlines nine priorities for government leaders at all levels.
“Canada does more than just trade with the United States,” says CME President & CEO Jayson Myers. “We build things together. We innovate together. And we need our governments to work together to translate good intentions into bottom-line results.”
“We can work together to better integrate our two economies for the common cause of a robust manufacturing sector in North America, as well as creating jobs and opportunity for the collective good of our two countries,” adds NAM President and CEO Jay Timmons.
Among the priorities, CME and NAM highlight the need to implement a tax structure that encourages business investment, innovation and growth, as well to reduce costly and duplicative regulations. The US remains Canada’s largest trading partner, accounting for more than three-quarters of all bilateral trade.
“We commend our governments for the steps they have already taken in support of manufacturing,” says Myers. “But we urge them to do more, and to see the urgency of the challenges as we do. The relationship between our two countries is strong, and now is our opportunity to lay the framework for future prosperity.”
“We need for our two governments to work with us in the private sector,” says Timmons, “on taxes, regulations, energy and trade to benefit Americans and Canadians alike.”