Canadian Manufacturers & Exporters Advocates for Calm Response to US Election
Published by Glenda Beaulieu on November 09, 2016
RICHMOND, BC – The Canadian Manufacturers & Exporters (CME) are advocating a measured response to the results of the US election. They advise focussing on education about the importance of our trading relationship and how our economies are uniquely intertwined.
“We are advising our members and government to avoid a knee-jerk panic reaction to the results of this election,” said Andrew Wynn-Williams, Divisional Vice President for BC of the CME. “There was a lot of heated rhetoric, including statements about repatriating manufacturing jobs to American soil and the evils of NAFTA and we have to put that to one side for now.”
CME is urging a focus on education about the nature of the Canadian economic relationship wtih the US and on making sure we get our own strategies in place for broader competitiveness.
“Canada differs from other US trading partners in that we make goods with them instead of just selling to them,” explained Mr. Wynn-Williams. “As a result we share a lot of common objectives and this is where the focus of a relationship with the new administration should be.”
The CME believes it is more important for Canada to focus on its own competitiveness and develop a manufacturing strategy. CME has been spearheading the development of such a strategy with its Industrie 2030 initiative.
KEY FACTS EXPORTS TO THE US
• 51% Share of BC Exports
• $18.7B Value of BC Exports
• BC is the least dependent on the US vs. other provinces
Found in: US Elections