by admin on October 28, 2012

Washington, D.C. (PRWEB) July 31, 2012

The U.S. Chamber of Commerces National Chamber Foundation right now hosted an event highlighting Canada as a partner in growth and opportunity. Government and enterprise leaders from both nations discussed how Canada has transformed its economic climate in the last 20 years by way of intelligent policy selections such as lowering taxes and encouraging domestic power production and what the U.S. can discover. Canada has recovered faster and a lot more robustly from the worldwide recession than practically all other key economies. It has replaced all jobs lost in the recession and has one of the lowest, most competitive corporate tax prices in the world.

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“Our neighbor to the north is not only a critical friend and ally, it also gives important economic lessons for government leaders in the United States,” stated Thomas J. Donohue, president and CEO of the U.S. Chamber. “By actions like streamlining the approval process for energy development, which has permitted the country to take smart benefit of its wealthy oil sands, and taking measures to create a company-friendly climate by cutting taxes, Canada’s financial transformation has resulted in stronger profits, and job creation. The United States could see similar results by enacting job-making policies and fostering an surroundings for development.”

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“Canada weathered the international financial and monetary crisis greater than most industrialized countries largely because of the strength of our economic sector and healthy household and corporate balance sheets,” said President and CEO of the Canadian Chamber Perrin Beatty. “The public policies we select determine the type of country and the level of residing standards we will get pleasure from in the decades ahead. Government can assist generate an advantage but its up to organizations to stay on top of their game, refine their methods and invest in innovative merchandise and technologies. The government cant do that portion for us. We have to do it for ourselves.”

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The United States and Canada appreciate the worlds biggest bilateral trade relationship. Nearly $ 2 billion in goods trade crosses our shared 4,000 mile border every day supporting 8 million U.S. jobs.

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Development of the Alberta oil sands is expected to contribute $ 1.7 trillion to the Canadian economic climate more than the subsequent 25 years and create virtually 600,000 jobs. 99% of Canadian oil exports are U.S.-bound. The planned Keystone Pipeline would deliver oil sands to U.S. refineries, and produce 250,000 U.S. jobs and produce $ 20 billion in financial activity.

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The U.S. Chamber of Commerce is the worlds biggest enterprise federation representing the interests of more than three million businesses of all sizes, sectors, and regions, as nicely as state and regional chambers and business associations.

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