On the fourth day of policy wins we want to celebrate the diversification of trade.
Much of this year’s business news was dominated by the ongoing negotiations with the United States and Mexico to replace the North American Free Trade Agreement. We remained actively engaged with negotiators throughout the process and hosted member roundtables with both the Minister of Foreign Affairs and the Chief Negotiator. The new U.S.-Mexico-Canada Agreement meets some of our priorities for modernization, and provides much needed certainty in others about the future of the North American trade relationship.
As part of our efforts to promote free trade in North America and around the world we launched the Keep Trade Free initiative, which included a website and featured the participation of close to 100 businesses, chambers of commerce, boards of trade and associations from across Canada, the U.S. and Mexico.
This also taught us that we cannot become overly dependent on one trade partner, which is why we also advocated for the federal government to move promptly with the ratification of CPTPP to enable us to secure first-mover advantage. This agreement will open new opportunities for Canadian companies in the region to export both goods and services to fast-growing Asian markets.
It is vital that Canadian businesses continue to diversify their export markets, which is why we will continue to fight for the government to work towards bringing down any trade barriers for companies across a number of sectors to ensure Canada remains competitive.