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International Trade committee Sorry; are you asking in what other sectors it would be beneficial for us to export to those countries?
December 11th, 2017Committee meeting
Ana Renart
International Trade committee I mentioned some of the areas earlier. I can go through some specifics again. Fish and seafood is one area where tariffs are particularly high. Also, there are chemicals, plastics, autos, and auto parts. Machinery and equipment is another sector. Tariffs on aluminum are up to 16%
December 11th, 2017Committee meeting
Ana Renart
International Trade committee That's a good question. There isn't a straight black-and-white answer. Both are customs unions. The Pacific Alliance is a regional integration initiative, so it goes beyond trade; it's free movement of goods and people. They also have a number of other things they work on togethe
December 11th, 2017Committee meeting
Ana Renart
International Trade committee Let me make sure I get that right. They are talking to Mercosur. If you give me a moment, I will tell you. I'm sorry. I don't want to take up your time. I'll come back to you on the details.
December 11th, 2017Committee meeting
Ana Renart
December 11th, 2017Committee meeting
Ana Renart
International Trade committee Yes. We're all candidates to become associated states with the Pacific Alliance, so right now there are eight countries in a room negotiating, but it's what we call “a hub and spokes”, in the sense that we're all negotiating with the Pacific Alliance and not with each other.
December 11th, 2017Committee meeting
Ana Renart
International Trade committee All four could potentially.... If you're able to close an FTA with the bloc, then you would join as an associated state, not as a full member.
December 11th, 2017Committee meeting
Ana Renart
International Trade committee That's correct.
December 11th, 2017Committee meeting
Ana Renart
International Trade committee That's correct.
December 11th, 2017Committee meeting
Ana Renart
December 11th, 2017Committee meeting
Ana Renart
International Trade committee The ratios are likely.... Well, they may change. Let me put it that way. We currently have FTAs with the Pacific Alliance countries. For some of them, they've been in place—and Mexico under NAFTA—for several years. Most of the tariff liberalization has already taken place. We c
December 11th, 2017Committee meeting
Ana Renart
International Trade committee I'll get your answer.
December 11th, 2017Committee meeting
Ana Renart
International Trade committee I can give you the exact numbers. We are currently exporting to Mercosur.... Our overall trade is about $8 billion. Canadian exports are $2.5 billion, and imports are about $5.5 billion.
December 11th, 2017Committee meeting
Ana Renart
International Trade committee It's huge.
December 11th, 2017Committee meeting
Ana Renart
International Trade committee With regard to the Pacific Alliance countries, what's interesting is that there is a little bit of overlap with the CPTPP, but it's not complete. The CPTPP includes a number of countries that are not part of the Pacific Alliance, and one of the four Pacific Alliance countries is
December 11th, 2017Committee meeting
Ana Renart