The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, today issued the following statement:
"Canada's new government is building the strongest economy in the G7 amid the current global geopolitical uncertainty. This includes ensuring that Canadian industries are not jeopardized by harmful trade diversion resulting from a rapidly changing trade environment.
"In response to a formal request from the Canadian Association of Vegetable Growers and Processors, the government has directed the Canadian International Trade Tribunal to conduct an inquiry on global imports of frozen and canned vegetables. The Tribunal will have 180 days to determine if increased imports of these products are causing, or threatening to cause, serious injury to Canadian vegetable growers and processors, and to make recommendations to the government on appropriate remedies. The Tribunal is also tasked to consider the impact on food affordability and security for Canadian households in its recommendations.
"In parallel, the government is also assessing an urgent, separate request from the Canadian Wood Products Alliance for a safeguard inquiry on wood cabinets and vanities, hardwood flooring, and engineered wood storage furniture. The government intends to respond to this request in a timely manner.
"If the Tribunal finds that safeguard measures are warranted, the government will take appropriate action, in accordance with international trade rules. Our priority remains a balanced approach that not only supports our producers but takes into account food security and affordability for consumers.
"We will continue to monitor import trends closely and are prepared to take additional actions, as appropriate, to ensure the continued resilience of the Canadian economy."
