EU trade deal good for the province, government must now focus on TPP: BC Chamber

The newly announced European Union (EU) trade deal will bring benefits to the province, and the federal government must now turn its focus to establishing ...
European flags in front of the Berlaymont building, Brussels.

The newly announced European Union (EU) trade deal will bring benefits to the province, and the federal government must now turn its focus to establishing the Trans-Pacific Partnership (TPP), according to the BC Chamber of Commerce.

BC Chamber president and CEO John Winter said the deal removes trade barriers and creates new opportunities for B.C. businesses to increase exports to European markets.

"We applaud the federal government for working through many challenging issues and delivering this milestone trade deal for Canadians," Winter said.

Some of the benefits for the province, the chamber said, include the elimination of the tariffs on the province's wood, seafood and agricultural exports, as well as on Canada's fish and seafood exports.

Winter said the government now has a framework establishing what it takes to form a comprehensive trade deal, and that it should use the momentum created by the EU agreement to push the TPP forward.

"Here in B.C., we're all too aware of the unprecedented economic opportunities that rapidly growing Asian markets present – both for B.C. and for Canada as a whole," he said.

Winter likened the EU deal to an "appetizer" and the TPP agreement to the "main meal."

"Now is the time for us to step up and throw our weight behind the TPP talks – because we simply have too much to gain," he said.

ecrawford@biv.com

@EmmaCrawfordBIV

comments powered by Disqus

More from Economy

BIV on Global BC February 22, 2017: B.C. Budget 2017; Weak holiday ...

Tyler Orton discusses the business implications of the provincial budget. Plus: Weak holiday spending causes retail sales to fall

Read Article

December retail sales disappoint, but Canadian economy still on track: analysts

Read Article

B.C. Budget 2017: Support for industry and the search for new markets

Province pushes diversification in the face of protectionism   

Read Article

Highlights of B.C. Budget 2017

Highlights of Tuesday’s B.C. provincial budget 

Read Article

Insider trading: February 21, 2017

The following is a list of stock trades made by corporate executives, directors and other company insiders of B.C.’s public companies filed in the week ...

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×