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Nov 22, 2014 at 08:50 PM



PM CONCLUDES SUCCESSFUL NATO SUMMIT IN WALES Print E-mail Share to FacebookTweet This!
Sep 05, 2014 at 12:00 AM

Newport, Wales
5 September 2014

Introduction

Prime Minister Stephen Harper today marked the conclusion of a productive 2014 North Atlantic Treaty Organization (NATO) Summit, which took place in Newport and Cardiff (Wales), United Kingdom, from September 4 to 5. The Summit was part of a broader visit to the U.K., which also saw the Prime Minister taking part in a bilateral program and Canadian trade mission in London.

During the Summit, Prime Minister Harper joined leaders from the 28 member countries as well as a number of non-NATO partner countries and international organizations to discuss key issues facing the Alliance and its partners. In considering NATO’s vital role, leaders stressed the importance of the Alliance’s capability, readiness and solidarity to ensure our security and to build stability in an unpredictable world.

Discussions included NATO’s response to Russian military aggression in Ukraine, the Alliance’s ongoing relationship with Afghanistan post-2014, as well as the broader global security environment, including the barbaric actions and expansionist agenda of the Islamic State of Iraq and the Levant (ISIL) which are further destabilizing the region and threatening global peace and security. Outcomes of the Summit were outlined in the Wales Summit Declaration.

The Prime Minister also met with the next Secretary General of NATO, Jens Stoltenberg. During their meeting, he highlighted Canada’s contributions to the Alliance, notably the leadership role it has played since the onset of the crisis in Ukraine, and its ongoing commitment to ensuring that NATO remains modern, flexible, and ready to face the security challenges of the 21st century. He also underscored Canada’s contribution to the delivery of military supplies to security forces fighting ISIL in Iraq.

Finally, in a show of Canada’s ongoing support for the Alliance, the Prime Minister had the opportunity to witness the fly-by of a Canadian CF-18, as well as aircraft from a number of NATO Allied nations. Canadian CF-18’s are currently stationed in Lithuania from September to December 2014 to participate in the NATO Baltic Air Policing mission designed to enhance peace, security and stability in Central and Eastern Europe.

Quick Facts

  • Canada is a founding member of NATO, and has been a major contributor to Alliance operations over the past 65 years. Canada has played a significant role in Afghanistan, Libya, the Balkans and on the seas, and continues to provide modern, deployable capabilities to Allied missions and highly trained personnel to NATO’s command structure.
  • Canada has been at the forefront of the international community’s response to the situation inUkraine and is providing reassurance to NATO Allies by contributing aircraft, a ship and troops to promote security and stability in Eastern andCentral Europe.
  • Canada is also providing over $250 million to support Ukraine through the current crisis and to help implement key reforms and stabilize its economy, and has imposed sanctions against over 180 Russian and Ukrainian individuals and entities. Furthermore, Canada continues to provide training for Ukrainian military and civilian personnel through the Military Training
  • Cooperation Program and has contributed non-lethal security assistance to Ukraine.
  • On September 4, 2014, Prime Minister Harper announced support through the NATO Trust Funds, with a focus on building up Ukrainian command and control and communications and computer capabilities to assist in improving personnel management systems and reform logistics and standardization within the Armed Forces. In addition, the three NATO Centres of Excellence in the Baltic region – Cyber Security, Energy Security and Strategic Communications – will each receive support to help Baltic States strengthen the regional framework for addressing the crisis situation.
  • On September 5, 2014, Prime Minister Harper announced the deployment of several dozen members of the Canadian Armed Forces to Iraq.

“The Wales Summit demonstrated the strength of our Alliance and our shared commitment to the values of freedom, democracy, human rights, and the rule of law. As one of NATO’s founding members and major contributing Allies, Canada will continue to uphold these values and contribute resources toward the fulfillment of NATO’s mission and objectives. Specifically, we will remain steadfast in our commitment to working with our NATO Allies in promoting stability and security in Central and Eastern Europe, and in particular in Ukraine.” – Prime Minister Stephen Harper

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- See more at: pm.gc.ca

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Minister Oliver Meets With New Economic Advisory Council Print E-mail Share to FacebookTweet This!
Sep 04, 2014 at 03:38 PM

Discussions focus on Canada’s fiscal, economic and financial issues

Finance Minister Joe Oliver today met for the first time with the new Economic Advisory Council to discuss a range of fiscal, economic and financial issues.

The council consists of 16 business and academic leaders from across Canada. They were selected by Minister Oliver in July to provide advice on a broad range of policy issues, as the Government returns to balanced budgets next year.

Quick Facts

  • The first Economic Advisory Council was established in 2008 to provide economic advice to the Minister of Finance during the global financial and economic crisis.
  • Council members receive a salary of $1.
  • Canada has created more than 1.1 million net new jobs since the height of the recession—one of the strongest job creation records in the Group of Seven (G-7).
  • Both the International Monetary Fund and the Organisation for Economic Co-operation and Development expect Canada to be among the strongest growing economies in the G-7 over this year and next.
  • In 2013, Canada leapt from sixth to second place in Bloomberg’s ranking of the most attractive destinations for business.
  • Canada’s total business tax costs are now the lowest in the G-7, and 46 per cent lower than those in the United States.
  • KPMG rates Canada as the most tax competitive country for business globally.
  • A recent New York Times study found that “after-tax middle-class incomes in Canada—substantially behind in 2000—now appear to be higher than in the United States.”
  • Four credit rating agencies—Moody’s Investors Service, Fitch Ratings, Standard & Poor’s and DBRS—have all reaffirmed their top ratings for Canada.

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PM CONCLUDES TRADE FOCUSED VISIT TO THE UNITED KINGDOM Print E-mail Share to FacebookTweet This!
Sep 04, 2014 at 02:55 PM

London, United Kingdom
3 September 2014

Introduction

Prime Minister Stephen Harper today concluded a productive official visit to London, United Kingdom (U.K.). The visit is part of a broader trip to the U.K., which will also see the Prime Minister travelling to Wales to participate in the 2014 North Atlantic Treaty Organization (NATO) Summit, from September 4 to 5.

While in London, Prime Minister Harper had fruitful discussions with Canadian and British business leaders on how to further promote trade and investment opportunities between the two countries, including through the historic Canada-European Union (EU) Trade Agreement.  The Agreement will give Canadian companies preferential access to the largest market in the world.

The Prime Minister also participated in various parts of a bilateral trade mission to the U.K. being led by Ed Fast, Minister of International Trade, including a question and answer session on economic and trade issues as well as a business roundtable.  He used the meetings with key U.K. business leaders and Canadian business delegation members to highlight the many opportunities that will be created by the Canada-EU Trade Agreement, and to promote Canada as a premier trade and investment partner. Members of the Canadian business delegation included representatives from a broad range of sectors such as agri-food and seafood, life sciences, and information and communications technologies.

Quick Facts

Canada and the U.K. enjoy excellent and long-standing bilateral relations enhanced by strong cooperation in international fora including the Commonwealth, the G-7, the G-20, NATO, the Organisation for Economic Co-operation and Development, the Organization for Security and Co-operation in Europe, the United Nations and the World Trade Organization.

The U.K. is Canada’s third-largest destination for exports and fifth-largest trade partner after the United States, China, Mexico, and Japan. Two-way merchandise trade between Canada and the U.K. reached $22.5 billion in 2013, and the U.K. is Canada’s third most important source of foreign direct investment which totalled over $56 billion in 2013.

This visit marks Prime Minister Harper’s fifth visit to the U.K. since Prime Minister Cameron took office in spring 2010. The Prime Minister last visited London in June 2013, on his way to the G-8 Summit in Northern Ireland.

On August 5, 2014, Canada and the EU announced that officials have reached an agreement on the complete text for the Canada-EU Trade Agreement. Once in force, the Agreement will provide Canada with preferential market access to the EU’s more than 500 million consumers and to its annual $17 trillion in economic activity.

According to a joint study conducted with the EU, the Canada-EU Trade Agreement could boost Canada’s income by $12 billion annually and bilateral trade by 20 per cent, which is equivalent to creating almost 80,000 new jobs or increasing the average Canadian family’s annual income by $1,000.

“I had productive discussions in London with Canadian and British business leaders on how to bring our commercial relations to the next level. During our discussions, we emphasized the many new opportunities provided by the Canada-EU Trade Agreement for both countries.” – Prime Minister Stephen Harper

 

- See more at: pm.gc.ca

See next page for Quotes on CETA and related links...

Last Updated ( Sep 04, 2014 at 03:17 PM )
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World Economic Forum Rates Canada’s Banking System World’s Soundest for Seventh Year in a Row Print E-mail Share to FacebookTweet This!
Sep 03, 2014 at 02:11 PM

Finance Minister Joe Oliver today welcomed the World Economic Forum rating of Canada’s banking system as the soundest in the world for the seventh year in a row in its annual Global Competitiveness Report—further bolstering Canada’s international economic success story.

Quick Facts

  • The Canadian economy has posted one of the strongest job creation records in the Group of Seven (G-7) over the recovery, with more than 1.1 million jobs created since July 2009.
  • Real gross domestic product is significantly above pre-recession levels—the best performance in the G-7.
  • Both the International Monetary Fund and the Organisation for Economic Co-operation and Development expect Canada to be among the strongest growing economies in the G-7 over this year and next.
  • According to KPMG, total business tax costs in Canada are the lowest in the G-7 and 46% lower than those in the United States.
  • In 2013, Canada leapt from sixth to second place in Bloomberg’s ranking of the most attractive destinations for business.
  • Four credit rating agencies—Moody’s Investors Service, Fitch Ratings, Standard & Poor’s and DBRS—have reaffirmed their top ratings for Canada.

Department of Finance Canada

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Canada and U.S. release the Canada-United States Regulatory Cooperation Council Joint Forward Plan Print E-mail Share to FacebookTweet This!
Aug 29, 2014 at 02:10 PM

Introduction

Today, the Canada-United States Regulatory Cooperation Council (RCC) Joint Forward Plan was released. The plan sets the stage for fundamental changes in the way regulatory departments and agencies in both countries work together, making it easier for businesses to operate in both countries.

The Joint Forward Plan, which builds on the RCC Joint Action Plan launched in December 2011 by Prime Minister Harper and President Obama, will deepen Canada-U.S. regulatory cooperation through new bi-national processes and partnerships. This approach will institutionalize joint planning and collaboration between Canadian and U.S. regulatory agencies.

The Joint Forward Plan also includes specific commitments to align 24 areas of regulatory business.  Work will continue in areas such as marine safety and security, pharmaceuticals, food safety, plant and animal health, and crop protection products. The RCC Forward Plan also expands work into new areas such as energy efficiency, toy safety, medical devices, chemicals management, and the use of natural gas in transportation.

The Joint Forward Plan will help regulators address a greater number of specific issues and make the broad changes necessary to prevent misalignments from happening in the future.
Following the launch of the Plan, Canadian and U.S. regulatory departments will establish formal partnerships as well as annual work plans and joint planning processes for each of the initial 24 areas of business. Going forward, the planning process will also open the door for discussion on other areas of regulatory cooperation that could be initiated. 

Quick Facts

  • The new RCC Joint Forward Plan enhances the work initiated in the 2011 RCC Joint Action Plan by moving from a focus on individual initiatives toward the development of more ambitious regulatory partnerships. The goal of these new partnerships is to have bilateral regulatory cooperation across a broad range of issues, entrenched within the regular planning and operational activities of regulatory agencies in both countries.
  • From August 31 to November 8, 2013, the RCC invited public input on the next phase of Canada-U.S. regulatory cooperation. Submissions were received from 160 stakeholders from a wide range of sectors and regions in Canada and the United States. These informed the three key components of the Joint Forward Plan’s future work: departmental-level bi-national processes to strengthen regulatory partnership; department-to-department commitments and work plans; and work on cross-cutting issues.
  • Canada and the United States enjoy one of the closest and largest trading relationships in the world. Bilateral trade in goods and services surpassed $781 billion in 2013, with more than $2.1 billion worth of goods and services crossing the border daily – or almost $1.5 million traded every minute.

“Input from industry will continue to play a critical role as regulators on both sides of the border set priorities and focus work in areas that will generate the greatest benefit for business and consumers.” – Prime Minister Stephen Harper

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Last Updated ( Aug 29, 2014 at 02:11 PM )
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