Terry Sheehan, Member of Parliament for Sault Ste. Marie, has been re-appointed as a member of the Standing Committee on International Trade.
Yesterday, Bill C-4 was tabled by the Honourable Chrystia Freeland (Deputy Prime Minister & Minister of Intergovernmental Affairs) in the House of Commons. Bill C-4 implements the Canada-United States-Mexico Agreement (CUSMA). Following debate in the House of Commons, the bill will be sent to to the International Trade committee where members will undertake a study, as part of the process in the move towards implementation of CUSMA.
“I’m really pleased to once again work closely with colleagues on the International Trade file. Trade is critical to the growth of the economy of Sault Ste. Marie and for the rest of the country.” – Terry Sheehan, MP, Sault Ste. Marie
On November 30, 2018, Canada, the United States, and Mexico signed an agreement to replace the North American Free Trade Agreement (NAFTA) with the Canada-United States-Mexico Agreement (CUSMA). This new agreement will reinforce the strong economic ties between the three countries and support well-paying middle-class jobs for Canadians.
CUSMA will maintain the tariff-free market access from NAFTA and includes updates and new chapters to address modern-day trade challenges and opportunities. Since negotiations began in August 2017, Canada engaged constructively and pragmatically with our NAFTA partners to achieve a good deal for Canadians.
The agreement provides key outcomes for Canadian businesses, workers and communities in areas such as labour, environment, automotive trade, dispute resolution, culture, energy, and agriculture and agri-food. Importantly, CUSMA also includes language on gender and Indigenous peoples’ rights.
- During the previous Parliamentary session, the work of the Trade committee was instrumental in the successful removal of the illegal Section 232 tariffs imposed on Canadian steel and aluminum products, by the United States government.
- The committee worked on implementing several key international trade deals such as:
- The Canada-European Union Comprehensive Economic and Trade Agreement (CETA), a landmark trade agreement ratified under the Liberal government,
- The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The 11 CPTPP members represent nearly half a billion people and a combined GDP of $13.5 trillion. In 2017, merchandise trade between Canada and the 10 other members amounted to $95 billion.
- The Canada-Israel Free Trade Agreement Implementation Act.