Minister Ng and Minister Boissonnault meet with international partners at OECD Ministerial Council Meeting
June 12, 2022 - Ottawa, Ontario - Global Affairs Canada
This week, the Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, and the Honourable Randy Boissonnault, Minister of Tourism and Associate Minister of Finance, attended the 2022 Ministerial Council Meeting of the Organisation for Economic Co-operation and Development (OECD).
At the meeting, Minister Ng and Minister Boissonnault reiterated Canada’s commitment to working with OECD members to address the economic and trade impacts of Russia’s unjustifiable, unprovoked, and illegal invasion of Ukraine. They encouraged international partners to maintain open and predictable agricultural markets and trade to ensure food security for Ukraine.
On the margins of the OECD meeting, Minister Ng met with counterparts from the European Union, as well as from Germany, the Netherlands, Japan, Costa Rica, Sweden, and the United States to advance Canada’s relationships with these economies.
Minister Boissonnault spoke at a panel on the work done to improve gender equality, which Canada considers a core value and a pillar of good economic and social policy. Minister Boissonnault highlighted Canada’s historic and transformative investments towards building a Canada-wide early learning and childcare system, which will create new jobs and growth, and get parents — especially mothers — into the workforce. At a session on the OECD’s tax work, Minister Boissonnault also reiterated Canada’s commitment to the two-pillar plan for international tax reform through the OECD/G20 Inclusive Framework.
OECD members, including Canada, endorsed a joint statement on their commitment to maintaining and strengthening the rules-based international economic order, to advancing our global economic recovery from the COVID-19 pandemic, and to building a more sustainable and inclusive future. OECD ministers also adopted road maps for the accession to the OECD Convention for Brazil, Bulgaria, Croatia, Peru, and Romania, which sets out the process and requirements for these countries to become OECD members.
“Canada is committed to open and transparent market economies and a rules-based international trading system. We will continue to work closely with our OECD partners on shared priorities that reflect our common values and ongoing efforts to advance a global economic recovery that provides opportunity, prosperity, and well-being for all.”
- Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development
“Canada and our OECD partners will continue to build an inclusive global economy rooted in our shared goals of democracy, gender equality, fair and open markets, trade, and a green transition. We discussed ways to deepen our partnerships with African countries, how to empower youth and bolster economic growth, as well as contain inflationary pressures exacerbated by Russia’s hostile actions, which weigh heavily on our global economy still recovering from the impacts of COVID-19. Together with our OECD partners, Canada is committed to continuing to support Ukraine in its fight against Russia’s unjustified and unprovoked invasion and holding the Putin regime and its enablers accountable.”
- Randy Boissonnault, Minister of Tourism and Associate Minister of Finance
The OECD is an international organization whose goal is to shape policies that foster prosperity, equality, opportunity and well-being for all.
The OECD comprises 38 members from North America, South America, Europe and the Asia-Pacific region, and, along with its key partner countries, represents about 80% of world trade and investment.
Canada is 1 of the 20 founding members of the OECD (and has been a member since 1961).
On August 4, 2020, Inclusive Trade Action Group ministers signed the stand-alone Global Trade and Gender Arrangement, which commits each participant to advancing gender-responsive and inclusive trade by removing the barriers that women and all genders face when participating in trade.
Studies have shown that by advancing gender equality and women’s participation in the economy, Canada could add as much as $150 billion to its GDP by 2026.
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