The Fast Lane to Prosperity: Border Deal Gives New Hope to Made in North America
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwire) -- 12/07/11 -- Fewer border stops and smarter regulations as a result of today's Canada-US perimeter agreement could save Canadian companies between $15 billion and $30 billion annually, and will dramatically reduce the wall of data separating the world's two largest trading partners, according to Canadian Manufacturers & Exporters (CME).
The deal reflects the key recommendations submitted to policymakers by CME earlier this year, and marks a significant step forward to strengthening security and enhancing global competitiveness along both sides of the 49th parallel.
"This announcement is not about a common border; it is about an integrated economy and our shared vision for good jobs, increased investment and a higher standard of living," explains CME President & CEO Jayson Myers. "Canada and the United States do more than just trade with one another. We build things together. We innovate together. And now we must work together to create a collective future that puts manufacturers and citizens alike in the fast lane to prosperity."
For automobile manufacturers alone, current border realities add an estimated $400 to $700 in production expense per vehicle. By aligning regulations and streamlining border systems, businesses can now expect lower transaction costs, expedited approval processes and improved travel efficiency.
But Myers warns these are only potential savings and that much more work must be done to ensure the plan is fully implemented.
"The economic benefits of this strategy are more significant than most free trade agreements, and should signal that manufacturing is alive and well in North America," says Myers. "Complacency, however, is not an option. Government has laid the framework and now businesses must lead the way in turning a good idea into action and bottom-line results."
Comments from CME members
"The North American market, both for Campbell and the broader food and agriculture industry, is highly integrated. Many of our facilities in the US make products for the Canadian market, and vice versa. And while both Canada and the US have equivalent food safety and regulatory systems, they suffer from a tyranny of small differences that add costs and complexity to the manufacturing and movement of ingredients and products across the border. This initiative will help enhance security while improving the efficient use of resources and the movement of products, reducing costs at a time when commodities and other expenses are at historically high levels."
"Maple Leaf Foods is very pleased that this initiative will continue to maintain high levels of food safety protection for Canadians and Americans but will lead to reduced border inefficiency and enhanced regulatory cooperation. We look forward to participating in relevant pilot projects and demonstrating the value of this initiative to our company, our customers and consumers in both countries. We congratulate the Canadian and US governments for the progress they have achieved."
"The United States is a very important trading partner for our growing business. We purchase a significant quantity of components from US suppliers, which we then consume in the production process and then ship back into the US market. Bilateral efforts regarding Canada-US regulatory cooperation and border simplification are critical to maintain a cost-effective transfer of goods and services between our two countries, so that we in North America can remain competitive with other international jurisdictions."
"IBM has heavily invested in supply chain security and trusted trader programs in both Canada and the US, and we are encouraged by the government's commitment to align regulations and regulatory reporting for border operations in these countries. A harmonized system of border operations between the Canada and the US should simplify IBM's customs processing requirements, eliminating redundancies for duplicated entry processing and reporting for other government agencies."
"As Canada's longest established automaker, the Ford Motor Company has been operating in both Canada and the United States for more than 100 years. Ford welcomes and applauds the announcements by Canada and the United States today, which will drive efficiencies for North American manufacturing and which will also be good for consumers in both countries."
About CME
Canadian Manufacturers & Exporters (CME) is Canada's largest trade and industry association, and the voice of manufacturing and global business in Canada. The association represents more than 10,000 leading companies nationwide. More than 85 per cent of CME's members are small and medium-sized enterprises. As Canada's leading business network, CME, through various initiatives including the establishment of the Canadian Manufacturing Coalition, touches more than 100,000 companies from coast to coast, engaged in manufacturing, global business and service-related industries. CME's membership network accounts for an estimated 82 per cent of Canadian manufacturing production and 90 per cent of all exports.
Contacts:
Derek Lothian
Manager, National Communications
Canadian Manufacturers & Exporters
613-296-2156
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Datum: 07.12.2011 - 14:37 Uhr
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