AEM helped to bolster its profile in Ottawa when it sponsored last week’s Canadian-American Business Council’s “State of the Relationship” event in the Canadian capital.
The event brought together leading business and senior government officials to discuss how to maintain and improve the business relationship between the United States and Canada. And this year’s gathering came at a pivotal moment.
Uncertainty over NAFTA renegotiations threatens to upend cross-border trade flows that have developed over the last quarter-century. AEM has pressed U.S. and Canadian negotiators to produce a comprehensive, pro-growth agreement that protects supply chains and incentivizes future investment in North American manufacturing. Maintaining current market access for U.S. manufactured goods and avoiding the imposition of tariff and non-tariff trade barriers is key for continued U.S. economic growth.
The equipment manufacturing industry is of particular importance for both the U.S. and Canada. Last year alone, equipment manufacturers contributed $15 billion to the Canadian economy and supported 149,000 jobs throughout Canada. Likewise, Canada continues to be the U.S.’s largest export market for agricultural and construction machinery.
AEM has identified improved Canadian advocacy as a key strategic priority for the industry moving forward.
For further information, please contact AEM Director of International and Regulatory Affairs Alex Russ (email@example.com, tel: 202-898-9006).