CME UNDERLINES THE IMPORTANCE OF TRADE DISPUTES MECHANISMS
OTTAWA (September 4, 2019) — Canadian Manufacturers applaud the decision of the NAFTA Panel that ruled that the U.S. lumber industry was not injured by Canadian lumber imports. “This is a victory for Canadian lumber producers and manufacturers across Canada that are part of the supply chain,” said Dennis Darby, President & CEO of Canadian Manufacturers & Exporters (CME).
“This decision shows the importance of dispute resolution mechanisms, like Chapter 19, and we are glad they were maintained in CUSMA,” added Darby. On behalf of manufacturers, CME fought hard to show the value of maintaining this Chapter to negotiators. CME was also instrumental in the development of a similar mechanism in the Comprehensive Economic Trade Agreement (CETA) with Europe.
“All countries must now ratify CUSMA so that Canadian industry both continue to be protected by these chapters and benefit from a modernized agreement.”
ABOUT CANADIAN MANUFACTURERS & EXPORTERS
Canadian Manufacturers & Exporters (CME) advocates for and represents 2,500 leading manufacturers that operate across Canada. Manufacturing moves Canada and is the engine of the economy. Canadian manufacturers collectively employ 1.7 million Canadians and is responsible for two-thirds of Canada’s export sales. The sector is growing rapidly. In 2018, the sector reached a new all-time high of $685 billion in sales. CME advocates policies that will allow Canadian manufacturers to compete effectively in the global economy.