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International Trade committee  Yes, indeed. We have a vested interest in strengthening the North American platform, making sure that the value chain we have in North America can be further integrated, and that goods and services go across the border smoothly between the U.S. and Canada, between Canada and Mex

May 10th, 2016Committee meeting

Pierre Seïn Pyun

International Trade committee  I would say it's partly that. It's partly that we have an interest in making sure that we maintain a preferential access to the North American platform so that we're not left behind. We see this as an opportunity to actually strengthen the North American platform.

May 10th, 2016Committee meeting

Pierre Seïn Pyun

International Trade committee  In the Asia-Pacific—

May 10th, 2016Committee meeting

Pierre Seïn Pyun

International Trade committee  We don't want to speculate. I think Bombardier is politically neutral, and we can work with any government. The U.S. is a very important market and platform for us. I mentioned that we have 6,000 employees and we have suppliers in 49 states. It's a critical link to our value chai

May 10th, 2016Committee meeting

Pierre Seïn Pyun

International Trade committee  I was referring to China in particular.

May 10th, 2016Committee meeting

Pierre Seïn Pyun

International Trade committee  I understand that China is not part of the TPP, but I was talking about growth in Asia overall. In the last year or two, China has shown signs that the economy is slowing down, but the growth rate is still quite impressive. Currently there's a shift taking place. It's been an exp

May 10th, 2016Committee meeting

Pierre Seïn Pyun

International Trade committee  As I was saying briefly, for us to be able to leverage strength in different countries, I think it's important to remain there to survive, but also to enhance our competitiveness. As I was saying, it's not a zero-sum game, because the goal is really to expand our market share an

May 10th, 2016Committee meeting

Pierre Seïn Pyun

International Trade committee  I don't think we would be able to compete globally. It comes down to that. I was mentioning that we have a few competitors around the world in our business segment. The competitive landscape is ruthless. It's very aggressive price-wise, technology-wise, so we have to constantly

May 10th, 2016Committee meeting

Pierre Seïn Pyun

International Trade committee  The bulk of the R and D work that we're doing in aerospace is here in Canada. We can say that Canada is punching above its weight because the driver is not the Canadian market; it's important, but it's only seven percent of our revenues. When you look at the amount of R and D be

May 10th, 2016Committee meeting

Pierre Seïn Pyun

International Trade committee  I'm going back to my previous comments. It's because we rely a lot on export markets. Access to export markets is critical for the success of Bombardier. You're right: Bombardier is, according to some sources, the largest R and D investor in Canada in the last few years. On ave

May 10th, 2016Committee meeting

Pierre Seïn Pyun

International Trade committee  I was saying that it's a diverse group of countries and that in most of these countries we are already quite active. I tried in my opening remarks to give you a sense of that. It's hard to pin down a country. Certainly the NAFTA countries remain very important markets for us. A

May 10th, 2016Committee meeting

Pierre Seïn Pyun

International Trade committee  For a global company like Bombardier competing against other global companies, we do believe strongly in developing global value chains. For us, it's not a zero-sum game for our operations here in Canada. When we invest in different countries, I think what we're trying to achieve

May 10th, 2016Committee meeting

Pierre Seïn Pyun

International Trade committee  It could increase jobs here in Canada because in the last few years, since the beginning of the financial crisis in 2007 and the global recession in 2008, despite the fact that we had earlier announced a workforce reduction plan, we're still a net creator of employment. Unfortuna

May 10th, 2016Committee meeting

Pierre Seïn Pyun

International Trade committee  Maybe we should, yes. It's a good point. It's more gradual. What I'm saying is it's not a zero-sum game. It's about becoming more competitive. We can leverage the competitive strength of different jurisdictions, and—

May 10th, 2016Committee meeting

Pierre Seïn Pyun

International Trade committee  —they benefit our Canadian operations, because we do have competitive strengths here. I think that in the higher spots in the value chains, such as R and D and engineering work, there's a lot that Canada can do, and our operations here are already doing this.

May 10th, 2016Committee meeting

Pierre Seïn Pyun