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Jock Finlayson Presentation Vancouver Conference

Jock Finlayson Presentation Vancouver Conference

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Jock Finlayson from the Business Council of British Columbia participates in our EU - Canada CETA Conference.
Jock Finlayson from the Business Council of British Columbia participates in our EU - Canada CETA Conference.

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Categories:Types, Presentations
Published by: EU Chamber Of Commerce in Canada-West on Jun 24, 2013
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06/24/2013

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CETA: A Canadian Business Perspective
EU
 –
Canada Conference
Vancouver, BC
June 7, 2013
 
Jock Finlayson
Executive Vice Presidentand Chief Policy Officer 
 
Overview
European Union
»
27 member states
»
503 million people!
»
world’s largest market –
C$ 17.4 trillion GDP
»
close to one-quarter of all global economic activity
EU is Canada’s second largest trading partner 
 Foreign direct investment also significant
»
EU’s
stock of FDI 
in Canada = $161 billion in 2011
»
Canadian
stock of FDI 
in the EU = $173 billion
2
 
Some Context for CETA
Stalled global trade talks (WTO)Development of more bilateral, pluri-lateral and regionaltrade/investment accordsCanadian goods face average tariffs of 2.2% entering the EU(trade-weighted basis)EU goods face average tariffs of 3.5% hereStakeholders identify non-tariff barriers as inhibiting trade
Significant barriers for “tradable services” as well
3

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