Canadian Steel Producers Welcome Budget 2016

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Member of Parliament for Sault Ste. Marie, Terry Sheehan, welcomes the statement issued by the Canadian Steel Producers Association on the Government of Canada’s 2016 budget commitment to strengthen Canada’s response to unfair trade.

“I’ve been working in Ottawa and in Sault Ste. Marie with stakeholders and members of our Government since being elected in October to improve and raise the issue of trade remedy modernization,” said MP Sheehan. “The Canadian steel industry, and representatives from Essar and Tenaris, told me time and time again that they needed a more modern system that was up to date with the realities of international trade today. I’m glad they see this budget as a step in the right direction and I look forward to the work ahead.”

In a press release sent out this morning, the Canadian Steel Producers Association “welcomes the Government of Canada’s Budget 2016 commitment to taking steps, including through specific legislative amendments, to improve its ability to effectively remedy dumped and subsidized imports.”

They noted the value of the Government’s commitment to consult stakeholders on the best way forward and were pleased with the historic $120 billion investment in infrastructure.

OTTAWA, March 23, 2016 /CNW/ – The Canadian Steel Producers Association (CSPA) welcomes the Government of Canada’s Budget 2016 commitment to taking steps, including through specific legislative amendments, to improve its ability to effectively remedy dumped and subsidized imports. In light of the increased frequency of market distorting trade in Canada, the CSPA views comprehensive and timely modernization of Canada’s trade remedy system as critical to ensure our member companies and their employees are able to compete fairly in the global market. We are encouraged in that regard by the Government’s renewed commitment to address unfairly traded goods entering the Canadian market.

The CSPA also welcomes the Government’s additional commitment to consult stakeholders in order to ensure that Canada’s trade remedy system offers Canadian businesses the ability to respond to changing global trade conditions. We look forward to working collaboratively with the Government to ensure Canada’s trade remedies work as efficiently and fairly as possible, meeting their stated goal to protect and grow Canada’s middle class.

Additionally, the CSPA welcomes the Government of Canada’s historic $120 billion ten-year infrastructure commitment. Our members look forward to the ability to contribute to the greatly needed modernization and rehabilitation of Canada’s public infrastructure. The CSPA shares the Government’s view of long-term infrastructure investment as an opportunity to make meaningful contribution’s to national economic growth. We believe Canada’s steel producers will play a substantial role in supplying critical inputs required by projects associated with infrastructure challenges of national significance.

About CSPA:

The Canadian Steel Producers Association (CSPA) is the national voice of Canada’s $14 billion primary steel production industry. Canadian steel producers are integral to the automotive, energy, construction, and other demanding industrial supply chains. CSPA seeks to work with governments and industry partners to advance public policies that enable a globally competitive business environment for its member companies and supply-chain stakeholders.

SOURCE Canadian Steel Producers Association