Feb 26, 2019

New trade agreements ‘a firm foundation’ for Atlantic Canadian technology to flourish

Tyler Morency
3 months ago

Measurand welcomed the Minister of International Trade Diversification Jim Carr and Karen Ludwig, Member of Parliament for New Brunswick for a site visit Monday, Feb. 26.

Minister Carr (middle) and MP Ludwig (left) were shown through Measurand's production facility by the company's founder Lee Danisch and Billy Carr, Production Manager, to learn more about ShapeArray and risk mitigation.

The Minister spoke at an event for Canadian businesses earlier in the day. The Minister visited Fredericton to highlight the new opportunities created by new trade agreements—the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Canada-Korea Free Trade Agreement (CKFTA)—coming into effect.

"This is a special moment for Canada," Minister Carr said in prepared remarks. "Let's seize it and let's prosper together."

Minister Carr called the agreements, "A firm foundation where everyone can flourish."

Minister Carr used the example of C-Therm, a Fredericton-based manufacturer of temperature sensors, with clients like NASA and 3M, as a model for Atlantic Canadian technological innovation. He continued to say that while forestry, agriculture and fishing remain important sectors of the region's economy, the province of New Brunswick is home to a number of technology companies that are "the best in the world at what they do."

CPTPP is a free trade agreement between Canada and 10 other countries in the Asia-Pacific region. Once all tariff reductions in the agreement are implemented, 99% of tariff lines will be duty-free.