Australia and Canada to forge closer trade links


Business organizations in Australia and Canada have agreed to commission a report on ways to expand trade and investment between the two countries.

The two sponsoring organizations, the Australian Industry Group (Ai Group) and the Canadian Council of Chief Executives (CCCE), will submit the study’s findings and recommendations to their respective governments in early 2012.

“Our two countries enjoy a significant economic relationship but there is scope to do more,” said Heather Ridout, Chief Executive Officer of Ai Group, which represents 60,000 Australian businesses in a wide variety of sectors.

Canadian business leaders agreed.

“Strengthening the ties between our two countries will improve our productivity and make both countries more competitive in global markets,” said the Hon. John Manley, President and Chief Executive Officer of the CCCE, which represents 150 leading Canadian companies. 

The decision to launch a joint study comes in the wake of the inaugural session of Australia-Canada Economic Leadership Forum in Sydney in November last year.

The second session of the Forum will take place in Toronto in July 2012.

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