National tech industry association supports CUSMA agreement

(OTTAWA, ON) – December 16, 2019 – The Information Technology Association of Canada (ITAC), has issued a statement regarding the Canada-US-Mexico (CUSMA) negotiations:  The conclusion of these historical negotiations provides much needed stability and predictable rules for all companies that use digital technologies in North America.   North America continues to be Canada’s most important economic partner, and today’s agreement is a crucial one for the ongoing success and growth of Canadian business. We look forward to continued engagement with the Government of Canada on trade issues that will both directly and indirectly impact the Canadian tech sector.”

Given how much has changed in the field of technology from the original agreement, ITAC called on the three governments to negotiate an updated North American Free Trade Agreement (NAFTA) that would modernize important elements including the digital trade chapter. This new agreement will help create an ecosystem that all three country’s tech sectors can participate in, setting them up to prosper, and as destinations for global investment.

According to ITAC President and CEO Angela Mondou, “It was crucial for Canada, the US and Mexico to conclude these negotiations in a manner that helps maintain a stable and structured investment community for our region. The digital trade provisions outlined in the agreement support Canadian digital service companies; and will lead a massive, innovative growth sector that helps drive the economy and supports individuals and businesses alike.”

On behalf of Canada’s tech sector, ITAC would specifically like to thank and congratulate Deputy Prime Minister Chrystia Freeland and Canada’s team of trade negotiators who have pushed hard for Canada’s interests during these lengthy and sensitive negotiations.

“NAFTA is vital to industry’s success, and Canada’s ability to reach new customers, markets and investors,” added Mondou. “This trilateral North American agreement will benefit our industry and our citizens for generations.”

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About Information Technology Association of Canada (ITAC)

As Canada’s national ICT business association, the Information Technology Association of Canada (ITAC) champions the development of a robust and sustainable digital economy in Canada. A vital connection between business and government, we provide our members with the advocacy, networking and professional development services that help them to thrive nationally and compete globally.

A prominent advocate for the expansion of Canada’s innovative capacity, ITAC encourages technology adoption to capitalize on productivity and performance opportunities across all sectors. A member-driven not-for-profit, ITAC has served as the authoritative national voice of the $170 billion ICT industry for over 60 years. More than 36,000 Canadian ICT firms create and supply goods and services that contribute to a more productive, competitive, and innovative society. The ICT sector generates over one million jobs directly and indirectly and invests $4.9 billion annually in R&D, more than any other private sector performer.

To arrange an interview, please contact:

Janet Gibson Eichner, Cell: 905-602-8345 ext. 2235 or jgibson_eichner@itac.ca

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