The aerospace industry welcomes the signing of a new agreement
United States, Mexico, Canada Agreement
Montréal, October 3, 2018 — Aéro Montréal, Québec’s aerospace cluster, welcomes the signing of a new free trade agreement between Mexico, the United States and Canada.
This agreement is good news for companies, especially for SMEs. “We know that predictability is a major factor that greatly promotes the growth of companies. In the face of uncertainty, they adopt a cautious attitude and often delay investments needed for growth. The signing of this agreement alleviates much of this uncertainty,” says Suzanne M. Benoît, President of Aéro Montréal.
However, the aerospace industry, a major user of steel and aluminum, would have liked the agreement to lower the tariffs of 10% and 25% imposed last June. “Our industry is global. Aircraft components can cross borders several times before the product is completed. The Government of Canada is continuing discussions on this matter. We are hopeful that a favourable resolution will be found,” concludes Ms. Benoît.
About Aéro Montréal
Created in 2006, Aéro Montréal is a strategic think tank that groups all major decision makers in Québec’s aerospace sector, including companies, educational and research institutions, as well as associations and unions.
The activities of Aéro Montréal are made possible thanks to the participation of the governments of Québec and Canada, the Montréal Metropolitan Community, Norton Rose Fulbright, as well as company members of the cluster.
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Gwenaël Brisé
Manager, Communications and Media Relations
Aéro Montréal
Off: 514 987-9395|cell: 438 497-3857