International Trade Minister visits Ohio to promote Canada-U.S. trade and investment ties

From: Global Affairs Canada

News Release

June 15, 2017 - Ottawa, Ontario - Global Affairs Canada

The longstanding trade relationship across the secure Canada-U.S. border is an engine of growth and innovation that creates and supports millions of well-paying middle-class jobs in both countries. Deepening free and fair trade and investment ties between Canada and the U.S. will strengthen North America’s global competitiveness and is central to Canada’s open and progressive trade agenda.

The Honourable François-Philippe Champagne, Minister of International Trade, will be in Cincinnati, Ohio, on June 16, 2017, promoting Canada-U.S. ties through a series of meetings with business and community leaders, and with local and state officials.

While in Cincinnati, the Minister will underscore the critical Canada-U.S. economic partnership and the proven value of our cross-border collaboration in creating the strongest and most competitive products in the world and the good middle class jobs that depend on them.

Minister Champagne’s agenda includes a breakfast and speaking engagement with Greater Cincinnati leaders, and a roundtable discussion with representatives of business accelerators and programs for minority and woman-led technology and tech-enabled ventures.

The Minister will also meet with Ohio State Representatives to highlight the increasingly integrated nature of the North American economy and underscore the extent to which the economic partnership is mutually reinforcing and beneficial.

Quotes

“Canada and the United States are partners in trade at so many levels, relying on each other for our mutual prosperity and security. Canada’s strong commercial ties to Ohio and Greater Cincinnati are important examples of the deep history and partnership that exists between us, one that creates good jobs and contributes to our long-term prosperity.”

- François-Philippe Champagne, Minister of International Trade

Quick Facts

  • Canada-U.S. bilateral trade in goods and services amounted to nearly $882 billion in 2016.

  • Nearly 9 million American jobs depend on trade and investment with Canada.

  • Canadian companies operating in the U.S. directly employ more than 500,000 Americans.

  • Nearly 400,000 people and more than $2.4 billion worth of goods and services cross the Canada-United States border every day.

  • Canadian merchandise exports to Ohio were valued at $16.2 billion in 2016.

  • Canadian merchandise imports from Ohio were valued at $23 billion in 2016.

  • Ohio sends almost 39 percent of its merchandise exports to Canada, which means it sells more to Canada than it does to its next eight largest foreign markets combined.

  • Canadian-owned companies employed 22,800 workers in Ohio in 2014.

  • The Cincinnati metropolitan area (referred to as Greater Cincinnati) is a 15-county region located at the intersection of Ohio, Kentucky and Indiana.

  • Named by KPMG as the least costly location to do business among all large U.S. cities, Greater Cincinnati is home to more than 2.1 million residents, 120,000 businesses, including 10 Fortune 500® companies and more than 450 foreign-owned firms.

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