Tag: growth

Canada helps create more resilient coastal communities

Fighting back against climate change

The impact that climate change has on the health and sustainability of our water resources threatens the livelihood and health of people around the world, especially people from Pacific islands countries and territories and Small Island Developing States. Ocean warming, acidification and sea-level rise put these coastal communities and their economies at risk.

The Minister of Fisheries, Oceans and the Canadian Coast Guard, the Honourable Jonathan Wilkinson has reiterated Canada’s commitment to working with the global community to support resilient coasts and coastal communities by highlighting the following Canadian investments:

  • $10 million to the Pacific Initiative for Biodiversity, Climate Change and Resilience. Funding for this joint initiative with the European Union, France, New Zealand and Australia will support efforts in the Pacific region to adapt to climate change, protect biodiversity, and improve ocean and fisheries health.
  • $20 million for capacity development and technical assistance in Small Island Developing States. This includes areas of public financial management, financial sector supervisory capacity, and fostering inclusive growth.

Support in these areas complements Canada’s commitments to the 2030 Agenda for Sustainable Development and the marine conservation targets under the United Nations Convention on Biological Diversity, Continue reading “Canada helps create more resilient coastal communities”

Prime Minister of Canada welcomes new United States-Mexico-Canada Agreement

The Prime Minister, Justin Trudeau, yesterday welcomed an agreement-in-principle between Canada, the United States, and Mexico on a modernized trade agreement – the United States-Mexico-Canada Agreement (USMCA) – that will create good, well‑paying, middle class jobs, strengthen economic ties, and expand Canada’s trade in North America.
Following more than a year of negotiations, the three countries have reached understandings in key areas, including rules of origin for automotive manufacturing, agriculture, labour, intellectual property rights, culture, and dispute settlement.

Further, Canada has ensured that any US Section 232 tariffs will not impact Canadian auto and auto parts exports. Canada has successfully preserved key elements of the original NAFTA, while building on the agreement to expand opportunity and improve protections for workers across North America. The resulting agreement offers crucial predictability and stability for Canadian businesses, investors, traders, workers, and innovators.

Throughout the negotiations, Canada’s approach has been constructive. Negotiating objectives remained clear: defend Canadians’ interests, uphold Canadian values, and fight for Canadian jobs and living standards within an agreement that is mutually beneficial for all three countries.

When implemented, the USMCA will help Canadians compete globally and prosper in a healthy, integrated North American economy. The Government of Canada will continue to engage with North American partners to finalize the details of an agreement that benefits all Canadians. Continue reading “Prime Minister of Canada welcomes new United States-Mexico-Canada Agreement”

G20 member nations to promote policies that bridges all forms of digital divide

At the G20 Digital Economy Ministerial Meeting in Salta, in the north-west of Argentina, G20 ministers and senior officials issued a declaration that reflects the G20’s commitment towards promoting “policies and actions that catalyze digital transformations. The Digital Economy Ministerial Meeting, held on 23-24 August, was attended by 33 heads of delegation- Ministers, senior officials and representatives from invited countries and international organizations, like EU, UNCTAD, ITU etc. India was represented by Union Minister for Electronics and IT & Law and Justice,Sh. Ravi Shankar Prasad.

Building on the contributions of the G20 Digital Economy Task Force, delegates deliberated upon efforts to create conditions that help governments, the private sector and civil society maximize the benefits and confront the challenges posed by technological progress. The other focus area of the meeting was digital inclusion, in particular the gender divide. Other related issued such as Digital government, digital infrastructure and measuring the digital economy were also deliberated.

Addressing the Plenary of the G-20 Digital Economy Ministerial meeting, Sh. Prasad said that India’s digital story is a story of hope and growth; of opportunities and profits. But above all it is a story of digital inclusion and empowerment. Digital India is a mass movement today touching the lives of a billion people. Continue reading “G20 member nations to promote policies that bridges all forms of digital divide”