M&A: Canadian Council of Chief Executives Issues Joint Australia-Canada Studies to Reduce Foreign Investment and Trade Barriers
The Canadian Council of Chief Executives (CCCE) and Australian Industry Group (Ai Group) have issued a joint statement and two reports that recommend a range of policy measures to increase and promote bilateral trade and investment between Canada and Australia.
In making the announcement, the CCCE said:
“In recent years there has been a significant expansion in two-way investment between Australia and Canada, particularly in the natural resources and financial sectors. In view of that, and given Canada’s interest in joining the Trans-Pacific Partnership Agreement negotiations (TPP), the two business organisations concluded that both countries would benefit from a better understanding of the potential for enhanced trade and investment.”
The proposed changes include eliminating tariffs on bilateral trade, improving labour mobility, a bilateral agreement for reciprocal treatment under Canadian and Australian foreign investment review systems and exploring the development of a bilateral competition policy framework that would replace anti-dumping actions.
For the CCCE’s and Ai’s news releases, joint statement and reports see:
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