Linamar CEO wants Pacific Rim deal done -FYI
2017-11-23 08:40 ET - In the News
The Financial Post reports in its Thursday, Nov. 23, edition that Canadian chief executives officers are calling on Prime Minister Justin Trudeau to nail down and implement an 11-nation Pacific Rim trade deal, as Canada holds out in hopes of changes. A Bloomberg dispatch to the Post reports that the Business Council of Canada, representing CEOs from many of the country's biggest firms, said the latest version of the Trans Pacific Partnership would be immensely beneficial and is imperiled by any delay. The TPP controversy comes as talks toward a revised North American free-trade agreement stall on contentious U.S. demands. John Manly, the group's CEO, said, "Now more than ever, Canada should be doing everything possible to diversify its trade." The pacific deal "would be a game-changer for Canadian companies in key markets in the Americas and across the Pacific." The group's chairman, Linamar CEO Linda Hasenfratz, also called on Mr. Trudeau to finalize the deal. Linamar is a major auto parts maker, and Ms. Hasenfratz sits on the government's advisory council for NAFTA talks. The fate of the Pacific trade deal remains in doubt as Canada pushes for changes while Japan calls for a quick agreement.