18 oct 2016

CEOE calls for an increase in trade relations with Canada

Employers view the Agreement between the EU and Canada as an opportunity

Julián Núñez, vice-president of CEOE’s International Relations Committee and president of SEOPAN, stressed that, although Spain and Canada enjoy close trade relations and significant investments, progress is modest and their significance is below the economic strength of both countries and, thus, they should be increased.  He said this during his participation in the opening act of the Spain-Canada Business Meeting that has held this morning at the offices of CEOE, organized by the Confederation and the Canadian Embassy.

EU-Canada Trade Deal - CETA
EU-Canada Trade Deal - CETA — ©Dreamstime

Núñez highlighted that CEOE as well as the European Employers’ Association, BusinessEurope, supported the signing of the Comprehensive Economic and Trade Agreement, also known by the acronym CETA, between the European Union and Canada, which is expected to be signed on October 27. He noted that, once signed, it should come into effect as soon as possible because it represents a great opportunity for Spanish companies to access the Canadian market.

Furthermore, he referred to the Infrastructure Plan designed by the new Canadian Prime Minister, Justin Trudeau, which will allocate C$ 120 billion over the next ten years with priority goals such as infrastructures related to the environment, those of a social and educational nature and those that encourage public transport. A plan that will be implemented at a federal as well as at a regional level. And he also underlined Canada’s legal certainty and public transparency.