Central Alberta to Benefit from Historic Canada-EU Trade Agreement

November 15, 2013

RED DEER, AB — Earl Dreeshen, Member of Parliament for Red Deer shares the enthusiasm he has received in Central Alberta for a free-trade deal with the European Union. Prime Minister Stephen Harper announced recently that Canada has reached an agreement in principle on a Comprehensive Economic and Trade Agreement (CETA) with the European Union.

Dreeshen has been speaking with local business operators and workers about the benefits of CETA. He says that an agreement with the European Union will bring jobs, growth and prosperity to Central Alberta. "At the local level, some of the industrial sectors that are rooted in Central Alberta stand to benefit significantly from the market access that this trade agreement provides. "Both small businesses and some of our large employers that specialize in chemical and plastics products, machinery, and certainly agriculture, are going to see immediate elimination of European tariffs and duties on nearly everything," he explained.

Dreeshen points out that increased local production will result in not only more jobs and higher wages, but also increased investment in the region; a prediction shared by Access Prosperity, an organization that attracts investment in our region and focuses on local economic growth.

“On behalf of the Central Alberta: Access Prosperity and the Central Alberta region I wanted to congratulate the Government of Canada for its recent success in working with the European Union to agree in principal to a Canadian-EU Trade Agreement (CETA),” said Tim Creedon, Board Member. “Central Alberta, like many regions in Western Canada, has a strong economy offering immense business opportunities, and local companies who are increasingly looking to export their skills, products and services to global markets.”

CETA provides improved access to EU markets for Canadian goods and services, greater certainty, transparency and protection for investments, new opportunities in the European procurement markets as well as tariff elimination.

Throughout Alberta, hard-working people will reap benefits of this ambitious free-trade agreement, especially in key sectors. "Albertans will enjoy more jobs, higher wages and greater long-term prosperity," Dreeshen concludes.

A joint study conducted with the European Union speaks to the positive effects of CETA stating it could boost Canada’s income by $12 billion annually and bilateral trade by 20 per cent. The EU is the largest, most lucrative market in the world, with over 500 million consumers and a GDP of $17 trillion. Under the leadership of Prime Minister Stephen Harper, Canada now has free-trade access to over half of the world's markets.