05 February 2010 15:47 [Source: ICIS news]
TORONTO (ICIS news)--Canadian companies have gained an exemption from “Buy American” rules in the $787bn (€575bn) US economic stimulus package, ending a trade dispute between the two countries, Canada’s international trade minister Peter Van Loan said in a media briefing on Friday.
Under a deal with the US, Canadian firms would have access to US state and local public works projects under the “American Recovery and Reinvestment Act” in a range of areas, including programmes of the US Department of Energy, the US Department of Housing and Urban Development and the Environmental Protection Agency, Van Loan said.
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Canadian commentators noted that Friday’s announcement only covered the US stimulus act and would not extend to future
The chemical industry is
Member companies of chemical trade group Chemistry Industry Association of Canada export almost 80% of production, that is, roughly double the global average and almost three times the
The Ottawa-based trade group noted Van Loan's announcement on its website but officials were not immediately available for additional comment.
However, Jayson Meyers, chief executive of trade group Canadian Manufacturers & Exporters said: “This is an important agreement. It is a good step in the right direction and puts
($1 = €0.73)
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