Brian Gallant, premier of New Brunswick, explains why the CETA (free trade Agreement european Union-Canada) is a chance for this small Province on the atlantic coast, the only officially bilingual.
How entrepreneurs and small businesses new Brunswickers will benefit from the commercial treaty between Europe and Canada?
New Brunswick has much to gain from this agreement. The european Union is the second market of the province for exports (after the United States) and the fifth-largest trading partner. First, new markets for the products of the sea will be available. We know that the EU is the largest importer of seafood products in the world. Its import market overall amounted in average to $ 21 billion per year from 2011 to 2013, and the average consumption of fish products has reached 11 kg per capita in 2013. However, the sector of fish and seafood is an essential component of our economic and social structure and on average accounts for 10.3% of canadian exports of seafood products abroad in 2011 to 2013. The other pillar is economic forestry. The annual average of the exports of the forest products industry and wood products value-added New Brunswick to the EU amounted to $ 23.4 million between 2011 and 2013. In 2013, the companies of this sector employed approximately 12 400 new Brunswickers, and this in jobs, often highly specialised, and which are of particular importance for the economy of rural areas and the northern part of the province. In addition, the data indicate that the consumption of wood pellets is expected to double in the Eu by 2020, and this offers significant opportunities for the forest sectors and the transformation. Markets will also open for agricultural and food products.
>> Read also: The comprehensive economic and trade agreement between the EU and Canada (CETA) in five pointsYour support is essential. Subscribe for $ 1 support Us
conversely, the Europeans will be able to find new business opportunities and investment in you...
We are attempting to attract foreign investment in sectors such as energy, advanced manufacturing, chemical processing, food processing, software development, health and life sciences. Also in the sectors of information technology and communications (ICT), finance, insurance and value-added products. The increase in foreign direct investment will stimulate economic growth and create jobs, bring new technologies and increase competition, which will ultimately benefit consumers with new Brunswickers.
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Why choose your province rather than another?
We have the rate of corporate income tax the lowest in Atlantic Canada. Our sea ports are closer to Europe than any port in the u.s. and they give same-day access to more than 100 million north american consumers. We offer financial incentives on the extent and costs of land and real estate are up to 40% lower than those in the whole of the G7 countries. Our workforce is skilled, motivated, and bilingual, since we are the only canadian province officially bilingual. Finally, a new centre for optical fibre has seen the light of day last winter, in the city of Moncton. It is the first centre of its kind in atlantic Canada. It allows companies to install servers and take advantage of a reliable network and powerful between Europe and North America for transactions or communication through the internet or by telephone. What to facilitate business between our two continents...