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Workers and Businesses throughout Kitchener-Waterloo to Benefit from Deeper Canada-EU trade, MP Harold Albrecht says – Canada’s Technology Triangle – Waterloo Region Ontario, Canada

Workers and Businesses throughout Kitchener-Waterloo to Benefit from Deeper Canada-EU trade, MP Harold Albrecht says

This year’s Oktoberfest celebrations underscore the strong economic and cultural ties between Canada and Germany 

 

October 18, 2012 – Last week the Ambassador of the Federal Republic of Germany to Canada, Werner Franz Wnendt, joined local Members of Parliament and various Kitchener-Waterloo business leaders for the annual Kitchener-Waterloo Oktoberfest festivities. This year’s celebrations coincide with Canada’s ongoing negotiations towards a successful Canada-EU Comprehensive Economic Trade Agreement.

“Last week’s Kitchener-Waterloo Oktoberfest celebrations were a welcome display of the strong cultural ties between Canada and Germany,” said his Excellency Werner Franz Wnendt, Ambassador of the Federal Republic of Germany to Canada. “This year’s celebrations also came at a unique time for Canada-German economic relations, as work to conclude a Canada-EU Comprehensive Economic Trade Agreement continues. Given that Germany is one of Kitchener-Waterloo’s largest export markets, Canadian and German businesses, workers, and families alike would benefit greatly from increased trade between our countries.”

John G. Jung, CEO of Canada’s Technology Triangle Inc. (CTT), had the following to say about the trade agreement: “There is no doubt that a Canada-EU Comprehensive Economic Trade Agreement will be a huge win for the Waterloo Region. As a regional economic development partnership, we seek to attract investment by showcasing the Region as a place of great opportunity with an exceptionally talented and innovative labour force. That is exactly what this agreement will help us do, and is why Canada’s Technology Triangle Inc. (CTT) supports a successful CETA as a means to improving the Waterloo Region’s competitive edge in the world. “
Canada’s Technology Triangle Inc. (CTT) hosts Oktoberfest’s annual Passport to Success event that aims to introduce business people to the Waterloo Region.”

“Businesses across Waterloo Region, from the agricultural sector to high tech, have told me they will benefit and create more jobs if an ambitious agreement with the European Union can be completed,” said Kitchener-Conestoga MP Harold Albrecht. “Our community has already earned a global brand, and improved access to markets can only help us capitalize on that brand.”

 

The EU is Canada’s second-largest trading partner and the world’s largest integrated economy, with more than 500 million consumers and a GDP of over $17 trillion. The ongoing trade negotiations with the EU represent Canada’s most significant trade initiative since the historic North American Free Trade Agreement.

See on www.techtriangle.com

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