Minister Ng raised concerns about protectionist measures that threaten cross-border collaboration between the United States and Canada that undermines commitments made by the leaders of both countries. The Ministers also engaged with labour stakeholders from Mexico to hear firsthand about the positive impact CUSMA’s high labour standards have had for workers in Mexico, and how the benefits extend to workers across North America.ĭuring a meeting with Ambassador Tai, Minister Ng discussed working together in the Indo-Pacific, their shared commitment to advancing rules-based order and Canada’s work at the WTO through the Ottawa Group. The ministers agreed on the importance of involving businesses and workers as they take stock of CUSMA to ensure it is working for them. She also stressed the importance of upholding the science-based obligations of CUSMA.ĭuring the FTC, ministers heard from business delegations from Canada, the United States and Mexico on how the 3 countries can work even more closely together to strengthen supply chains through friendshoring, and to address critical gaps in skills development for workers. Minister Ng emphasized the importance of ensuring trade in North America is inclusive and that the benefits of the trading relationship reach everyone, especially small and medium-sized businesses, women, Indigenous Peoples and underrepresented groups. They exchanged views on shared priorities, such as enhancing the competitiveness of North American exports, and discussed promoting further economic integration and rules-based trade between the 3 countries. The Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, Ambassador Katherine Tai, United States Trade Representative, and Raquel Buenrostro, Mexico’s Secretary of Economy, participated in the third meeting of the CUSMA Free Trade Commission (FTC), hosted by Mexico in Cancún, from July 5 to 7, 2023. dollars.The Canada-United States-Mexico Agreement (CUSMA) is one of the largest free trade agreements in the world, generating nearly $2 trillion in trade, leading to economic growth and helping to raise the standard of living in all 3 countries. The collection of data on official aid and other resource flows to Part II countries ended with 2004 data. Part II of the DAC List was abolished in 2005. Official aid is provided under terms and conditions similar to those for ODA. Net official aid refers to aid flows (net of repayments) from official donors to countries and territories in part II of the DAC list of recipients: more advanced countries of Central and Eastern Europe, the countries of the former Soviet Union, and certain advanced developing countries and territories. It includes loans with a grant element of at least 25 percent (calculated at a rate of discount of 10 percent). Net official development assistance (ODA) consists of disbursements of loans made on concessional terms (net of repayments of principal) and grants by official agencies of the members of the Development Assistance Committee (DAC), by multilateral institutions, and by non-DAC countries to promote economic development and welfare in countries and territories in the DAC list of ODA recipients.
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