"The government will do its part to enable the success of important sectors, including automotive, aerospace and other manufacturing, as well as agriculture and other resource-based industries."
"As we well know, [in the aerospace sector] Canada is among the best in the world and it is the government's intention to maintain the structures and policies that will see it continue."
Canadians' prospects for the future are based on our collective ability to be competitive in a global economy. Canada currently enjoys strong economic fundamentals after having reversed its fiscal fortunes and improved its business environment. Canada has had eight consecutive years of budgetary surplus and has the lowest ratio of government debt to gross domestic product among G7 member countries. Its strong fiscal position has led to lower interest rates and taxes, while at the same time enabling increasing investments in key social and economic priorities such as education, infrastructure, health care, and science and technology.
Translating these advantages into well-paying jobs for Canadians is the goal of industrial policy. Enhancing individual industries' competitiveness is essential for sustaining strong economic performance and improving quality of life in the future.
As one of Canada's key high technology sectors, the aerospace and defence industry is an important sector in the Canadian economy. It has achieved a remarkable level of success in international markets, with Canadian aerospace and defence products well recognized around the world. The industry provides Canadians with highly skilled jobs and it is an engine of technology development. A strong aerospace and defence sector will contribute to the knowledge-based economy of the future.
The future will include many new challenges and opportunities for the Canadian aerospace and defence industry. To ensure that Canada addresses these challenges and seizes these opportunities, all stakeholders in the industry must take concerted action now. Securing the future health and growth of the aerospace and defence sector requires a strategic framework that anticipates emerging challenges and opportunities while implementing coordinated measures that position the industry to respond in a timely and effective manner.
The government has worked closely with aerospace and defence industry stakeholders to develop a National Aerospace and Defence Strategic Framework. The Canadian Aerospace Partnership provided a key forum for stakeholder discussion as well as consensus on many of the issues facing the industry and directions for moving forward. The Framework sets out Canada's position in the evolving global industry, a vision and objectives, and the strategic areas requiring attention by all industry stakeholders.
The Framework will provide the basis for the continuing development of federal aerospace and defence industrial policy. It provides the foundation for continued collaboration between industry stakeholders to maintain Canada's role as a leading player in the global aerospace and defence industry. We will continue to refine and deepen our efforts. This document is a milestone for the Canadian aerospace and defence industry, and will play a prominent role as we move forward.
The Honourable David L. Emerson
Minister of Industry
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