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Canada needs to spice up commerce with the EU, its commerce minister has stated, as tensions with the US persist over President Donald Trump’s tariff threats.
Mary Ng visited Brussels this weekend to carry talks with EU commerce commissioner Maroš Šefčovič.
Ng stated that the 2 sides might higher exploit their present commerce deal. Because it got here into pressure in 2017, EU-Canada commerce has grown by two-thirds however the pair mentioned the best way to increase it additional.
“Do I believe we might do higher? Definitely,” Ng stated. Either side ought to search to “allow our companies to get into one another’s markets” and “at all times discover methods of doing extra of” that.
Ng stated 98 per cent of Canadian enterprise have been small or medium-sized and a few struggled with the paperwork required to export. Canada’s authorities was “offering some further help for small and medium sized companies to pursue their progress into worldwide markets”, she stated.
She stated the Canada and the EU have been additionally collaborating on essential minerals, with EU firms eager to faucet her nation’s reserves of metals utilized in inexperienced merchandise comparable to electrical autos and wind generators.
EU nations need Ottawa to construct pipelines to maneuver oil and fuel to Canada’s east coast the place it may very well be exported to Europe, after Europe banned most Russian provides.
Objections from provinces and indigenous communities have held up initiatives. However Ng stated that Trump’s tariff threats might change that. “Canadians are actually taking a look at what are the sorts of issues we will do to assist us be extra resilient,” she stated.
There was “a lot consensus now among the many provincial and territorial leaders that we are going to take away boundaries inside our nation in order that we actually can have free commerce inside Canada. That’s one thing that has eluded us.”
However she stated session with indigenous individuals, who personal a number of the land which mining and power initiatives would exploit, would proceed.
Final week Trump introduced 25 per cent tariffs on all Canadian items, besides oil at 10 per cent, solely to then droop them for a month. With 75 per cent of Canadian exports destined for the US, Ottawa is eager to strike a everlasting cope with Washington.
Ng stated Canada intends “to maintain working with the Individuals to discover a extra everlasting answer” on commerce and Canada was eager to “collaborate”.
“The Individuals are speaking a couple of golden age of financial progress. We imagine that Canada can definitely be part of that, working with the president . . . and his authorities,” she stated.
Ng added that she wished to restart stalled talks with the UK on an upgraded commerce settlement. “Come again to the negotiating desk. I imagine we will discover a answer,” she stated.
The UK broke off negotiations a 12 months in the past after Canada reimposed tariffs on cheese when London refused entry for Canadian beef from hormone-treated animals.
