Canadian Businesses discuss new opportunities for services trade and investment liberalization

WASHINGTON, DC, Sept. 19, 2012 /CNW/ - The Canadian Services Coalition (CSC), an affiliate of the Canadian Chamber of Commerce, is in Washington, DC today to take part in the 2012  Global Services Summit.

"This summit marks a significant turning point for international trade in services." said Michael Landry, Vice President Corporate Development, Manulife Financial and Chair of the Canadian Services Coalition. "We are seeing a genuine interest in an international services agreement and real opportunities to negotiate greater market access and investment protection for Canadian services companies. CSC's participation today further solidifies Canada's role in these important discussions."

Services account for more than 70 percent of the Canada's gross domestic product (GDP). The sector is responsible for about 90% of the new jobs created. Moreover, the services sector represents the fastest growing section of international trade and investment.

"Today's summit is especially timely in view of Canada's invitation to join the Trans-Pacific Partnership (TPP) negotiations which offer important opportunities for services trade and investment liberalization for Canadian companies," said Perrin Beatty, President and CEO of the Canadian Chamber of Commerce. "Minister Fast's participation sends a clear signal that the government recognises the importance of the services sector to the Canadian economy," Beatty added.

The Canadian Services Coalition (CSC) provides a strong and cohesive voice to Canadian services industries. The CSC advocates for the removal of barriers to trade at the national, regional and international level and for the implementation of a national strategy to promote smart regulations that promote the growth of services.

The Canadian Chamber of Commerce is the vital connection between business and the federal government. It helps shape public policy and decision-making to the benefit of businesses, communities and families across Canada with a network of over 420 chambers of commerce and boards of trade, representing 192,000 businesses of all sizes in all sectors of the economy and in all regions. News and information are available at Chamber.ca or follow us on Twitter @CdnChamberofCom.

SOURCE: CANADIAN CHAMBER OF COMMERCE

Émilie S. Potvin
Director, Public Affairs & Media Relations
Office: 613.238.4000 (231)
Cell.: 613.797.1860
[email protected]