Minister Morneau Welcomes Royal Assent of Legislation That Supports Canada's Steel Industry and Workers
June 21, 2019 – Ottawa, Ontario – Department of Finance Canada
The Government of Canada continues to stand up for our country's steel industry and its workers, taking action to ensure they can compete globally and continue to create good, well-paying jobs for the middle class.
Following through on that commitment, Finance Minister Bill Morneau today welcomed Royal Assent of Bill C-101, An Act to amend the Customs Tariff and the Canadian International Trade Tribunal Act.
This legislation temporarily removes the two-year moratorium on the imposition of safeguard measures on imports previously subject to safeguards. It gives the Government the flexibility needed to stabilize Canada's market and further protect Canadian workers and producers, such as those in the steel sector, from global instability and the harmful effects of substantiated surges in imports.
The Government is closely monitoring the import situation and stands ready to take appropriate action should there be evidence that a surge in steel imports may be harming Canadian workers and producers.
"Workers, and the families and communities they support, need to know that their jobs will be safe in the long term, even as countries around the world continue to rethink their approach to trade. They want to know that their government will be there for them, if and when they need us to step up again. That's exactly what we've done with Bill C-101."
- Bill Morneau, Minister of Finance
Media may contact:
Director of Media Relations
Office of the Minister of Finance
Department of Finance Canada
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