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Tag: Stephen Harper

Canada EU Free Trade Agreement Credit Goes To Harper

Prime Minister Stephen Harper and European Commission President Jose Manuel Barroso shaking hands after signing Canada-EU Free Trade Agreement on Friday 18, October 2013 at the European Commission in Brussels, Belgium.On 18 October 2013, Canada and the European Union have reached a political agreement in Brussels on the key elements of a Canada-EU free trade agreement; Canada-EU Comprehensive Economic and Trade Agreement (CETA) that will eliminate over 98% of tariffs on wide range of products between the two economies and establish a sizeable new market opportunities to access in the services and investment sectors; according to our federal government that could boost Canadian annual income by $12 billion annually and bilateral trade by 20% beside it will help lessen down our reliance on the U.S. as a trading partner.

Prime Minister Stephen Harper has spent more than four years to reach the Canada-EU free-trade deal, but he could face another great challenge in getting it approved by the European Union and some provinces. While the free trade deal is not expected to be ratified for at least two years to draw the claimed benefits because details of the deal haven’t been yet released to compare the conclusion, but according to the federal government it will benefit Canadian companies, entrepreneurs, service providers, investors, manufacturers and professionals to enter into EU economy approaching $17 trillion to access 500 million new consumers that could create 80,000 new Canadian jobs and it will affect Canadians in every region of the country and sectors such as technology, forestry, chemicals, plastics, metal, mineral, fish, beef and seafood products, and value-added wood products, advanced manufacturing, agriculture, agri-food, telecommunications companies and automobile industry.

Some of the highlights from the free trade agreement include:

  • Canadian auto manufacturers will be able to export 100,000 cars a year that’s 12 times more on their existing limit.
  • Full access to EU markets for Canadian fresh and frozen fruit and vegetables, or processed foods, wheat, oats, barley, rye and canola oil, dairy farmers, with both sides excluding poultry and egg sectors.
  • No more tariffs for many seafood products, including cooked and peeled shrimp, live lobster, frozen lobster and frozen scallops, metals and mineral products, including iron and steel, European wine and spirits entering Canada.
  • Canada will allow import of 29,000 tones of tariff-free cheese from the EU that’s up from 13,000 tones.
  • The Canadian government is considering to allow compensation for Canadian dairy farmers in case they lose money due to the Canada-EU trade agreement although it still require some clarification whether compensation is being considered for small cheese makers or not.
  • Canadian beef producers can sell an additional 50,000 tones of beef where the their current quota is 15,000 tones.
  • Canadian pork producers will be allowed to export 75,000 tones where the their current quota is 6,000 tons.
  • The government of Canada is also considering to communicate with the provinces and territories on compensation issue if the provision to extend drug patents by 2 years increases their costs. Patents would get only extended in case if there were delays in the drug approval process.

The government of Canada is trying to do better things for the Canadian consumer by negotiating the free trade agreement with the Europe. Such kind of trade deal with the world’s largest economy will enhance opportunities for exporters and bring lower prices for consumers. Prime Minister Stephen Harper called it historic win for Canada, he said; “This is a big deal, this is the biggest deal Canada has ever made. Indeed, it is a historical achievement”. He was really trying it hard to get it done from last 4 years that negotiations were launched in May 2009 and the content of the CETA and its general modalities were agreed in June 2009. He further expects the deal to be in place by the next election in 2015; “The agreement as it now stands is not going to change,” he said. “I am certainly confident of its adoption in Canada. I think anyone who opposes it will lose and will make a big historic mistake in so doing.

Canada-EU Free Trade Agreement will impact Canadians positively but Harper also acknowledged deal will hurt some of the Canadians in the due course but compensation is being considered to outweigh any problems. “There are some negative effects on a few sectors in the very short term; this is not just a big deal, it is a very, very positive deal for Canada.

Will the free-trade deal will bring new savings for Canadian consumers? Businesses only wins when they offer right price to consumers they can afford! Consumers look to get benefit from lower prices in everything; household, health, food, clothing, electronics, furniture, automobiles etc. It will bring down the prices of dairy and automobiles but pharmacy prices are expected to rise due to an additional 2 years of patent protection on brand-name drugs.

Former prime minister Brian Mulroney (Progressive Conservative Party) says; “Canada-EU trade deal is a big deal but not as big as NAFTA”, the Canada-European Union trade agreement is “significant but it’s not in the same league” as the Canada–United States free trade agreement he negotiated with the United States 25 years ago.

As every free trade deal has some potential winners and losers, and the much-anticipated Canada-Europe trade agreement is no exception. Free trade agreement is getting lot of criticism but also considered a right move in the right direction according to many. According to Prime Minister Stephen Harper, the free trade agreement should be in effect before the 2015 federal election that would eliminate import taxes on great variety of goods on both sides. Consumer may see savings due to the Canada-EU free trade agreement but some of the dependable combination may surprise consumers looking for savings, like you may get food on cheaper price but medical expenses may cost you high due to high cost medicines, you may get European cars like Mercedes and BMW on less price but it will cost you high on its fueling. Anyway, lets see what’s our businesses and consumers will really get when its approved and practically implemented in 2015. Lets also see if the Conservative Party of Canada reap the credit of being reelected for the 42nd Canadian federal election is tentatively scheduled for October 19, 2015 to face and go with the changes practically or just use it as a comparison credit statement in an action against new government’s different political party’s workouts.


Immigration Loans Program For New and Recent Immigrant to Canada

Immigration Loans Program helping new Canadians to pay for training and certification costs to help find skill relevant work in their profession or trade! Discover about financial assistance and loans available for new and recent immigrant to Canada.Discover financial assistance and loans including personal loan and mortgage products designed for you:

Canada welcomes thousands of new immigrants every year and Government of Canada along with various financial institutions is ready to help you make the change. As a newcomer, you are definitely feeling burden and facing financial challenging environment; your primary goal is to get control of your money to become successful part of the new community, establish your family while stay in touch with your home land to feel informed and secure. eLoan Canada has gathered some important information here about Canada immigration loans program for new and recent immigrant to Canada, to help make your transition a little easier.

It’s a common myth that if you are a new Canadian and have not attained a status of a Canadian Citizen; you do not have right and qualify for financial assistance and loans like mortgage loan, personal loan, car loan, business loan, credit cards and or other credit facilities. The good news is that every landed immigrant can get financial assistance and loans to improve job skills and obtain the credentials to work in Canada, besides applying for other loans that facilitate life for smoother operation and confidence if you can afford, you may apply without any credit history.

There are several loan programs from Government and private sectors are available for new Canadian that will assist you to prepare for the job market and after getting a job and start earning. Beside federal loans programs there are variety of provincial loans that you can apply too, in case you need small business loan to start a new business or purchase an existing one, you can check your possibility with the province and territory where you reside.

According to the Conservative Leader Stephen Harper (2009 report of the House of Commons Citizenship and Immigration committee);

“Federal loan program targets all those new immigrants, who may not have the credit history to qualify for a private loans in the programs they need to get in, some of these programs can cost up to $25,000, may not qualify for support under existing programs such as Canada Student Loans Program and the Immigration Transportation Loans Program. He further states; the small investment in the future of new Canadians will strengthen the future of our economy for all the Canadians.”

According to Citizenship and Immigration Canada (CIC), The Immigration Loans Program provides refugees and protected persons with loans to cover the costs of medical examinations conducted abroad, transportation to Canada, travel documents, housing rental, telephone service deposits and the purchase of work tools, etc., on an easy to follow credit process, for more information and general enquiry you may call on the phone number: 1 888-242-2100

Getting for a mortgage loan is a dream of every individual; you will find various lenders offer mortgage products specifically tailored to the needs of new immigrant and or even non-landed immigrants. While most financial institutions traditionally have insisted that new immigrants provide a down payment of at least 20% to 35%, there are now lenders who offer qualifying new immigrants or those who have been transferred to Canada by an employer, mortgages which feature a much lower down payment.

When we talk specially about no credit check personal loans, most of the short term loan lenders in Canada like payday loans want to push their product in today’s online environment, please don’t accept these types of quick cash loans because it may be possible, you don’t afford it in relation to your uncertain earning or job, if so. Otherwise there is a recently launched GIC investment loan is getting popularly among people looking for personal loans for immigrants in Canada, it may be an ideal solution for all those Canadians who have not build their credit history as a new Canadian immigrants, and looking for some productive financing that will help them to build credit beside receiving a GIC savings account ensures better financial future. You can start building your credit profile that will help you in getting any type of loan or credit facility from best lenders and banks on best rates you need in future. On the other hand, GIC investment loan also help those people who need credit repair loans in Canada to combat their debt problems and bad credit history, it will help in rebuilding good credit history by improving credit score.

The primary purpose of writing on the subject of immigration loan program is to enhance a confidence level of all those individual seeking Canadian immigration and want to find out how their foreign education and job training will help them in Canadian market and what if they require financial help to cover the cost of any additional training and certification to get skill relevant work in their profession or trade, where immigrant loan program provides access to loans for such new Canadians. Moreover, if you are planning to settle in Canada but felt a great concern on the personal financial issue, you may consult with the Citizenship and Immigration Canada (CIC) and ServiceCanada about the credit possibilities with the Canada immigration loans program that may fit your own situation prior to the arrival, you are also advised to check online through province, and or territory’s website of your residence about provincial and territorial financial programs for newcomers and if you are a recent immigrant to Canada, contact loan and mortgage consultant near you to get advice on how you may qualify for financial assistance and loans aimed at new and recent immigrant to Canada. Above all, you will also meet lot of new immigrant enjoying credit facilities, like car loan, personal loan, student loan, mortgage, and credit cards products, ask them personally to get a practical and authentic information and solution.


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