According to the minister of International Trade, Chrystia Freeland, the city of Ottawa is ripe for global trade even though other nations are reluctant to do the same by taxing imports to “protect” their individual domestic industries.
We have seen Canada’s willingness to engage in free trade with the deal it signed with the European Union amounting in $20 trillion worth of goods and services. This deal still has to be approved by the EU government.
“We believe that now is the time for partnerships and prosperity”.
The city of Ottawa has already created a new government agency, Invest In Canada hub, earlier this year and it will spend $218 million on the agency. This agency will be responsible for “bringing in” foreign investments.
It is aim of Minister Freeland to make her country the “location choice of investors”.