Minister Ng attends successful G7 trade and investment ministers meeting
News release
March 23, 2022 - Ottawa, Ontario - Global Affairs Canada
International collaboration is critical to strengthening the global rules-based trade system in support of a strong, sustainable, and inclusive recovery from the COVID-19 pandemic. Likewise, Canada’s close cooperation with its G7 partners is key to leading coordinated trade-related responses to Russian president Vladimir Putin’s unprovoked and unjustifiable invasion of Ukraine.
Today, the Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, met with her G7 trade and investment ministerial colleagues to continue coordination efforts with respect to Russia’s invasion of Ukraine and to move forward on reform priorities ahead of the World Trade Organization’s 12th Ministerial Conference.
At the meeting, Minister Ng unequivocally condemned Russia’s egregious invasion, which is a direct challenge to the rules-based international order. She reaffirmed that Canada stands resolute against authoritarianism and with a free and democratic Ukraine, now and in the future. She also thanked her G7 counterparts for their cooperation on trade measures taken in response to Russia’s invasion of Ukraine, including efforts to follow Canada’s lead in revoking most-favoured-nation (MFN) status for Russia and Belarus. She asserted that those who do not support the rules-based international order should not benefit from it. The Minister emphasized that in taking steps to ensure that Putin’s regime and its close associates do not continue to benefit from the rules-based trade system, the G7 is working to mitigate the war’s impact on members’ economies and global supply chains.
Minister Ng sought support to advance negotiations at the WTO on issues such as fisheries subsidies and trade and health. The Minister also engaged with her G7 colleagues on efforts to modernize international trade rules to better address market-distorting practices, including industrial subsidies and overcapacity in certain sectors of global production.
Quotes
“Canadian workers, companies, and entrepreneurs benefit from rules-based international trade, as do economies around the world. We are working closely with international partners to hold Russia accountable for its egregious invasion of Ukraine and to ensure that those who violate the international rules-based order do not benefit from it. Alongside all our allies, Canada stands resolute against authoritarianism and with a democratic Ukraine, now and in the future.”
- Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development
Quick facts
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On March 3, Canada announced that it was withdrawing MFN tariff treatment for Russia and Belarus, to which MFN status had been extended under Canadian domestic law. Canada was the first country to take this action, which all G7 countries are now implementing.
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On March 11, G7 leaders issued a joint statement specifying that G7 members will act, in a manner consistent with their national processes, to deny Russia MFN status related to key products.
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On March 15, 14 WTO members, including all G7 members, issued a statement in support of trade-related measures to respond to the Russian invasion of Ukraine.
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On March 15, the European Union and the United Kingdom announced a range of new measures against Russia, including revoking MFN treatment and imposing an export ban on luxury goods.
Associated links
Contacts
Alice Hansen
Press Secretary
Minister of International Trade, Export Promotion, Small Business and Economic Development
613-612-0482
Alice.Hansen@international.gc.ca
Media Relations Office
Global Affairs Canada
343-203-7700
media@international.gc.ca
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