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Govt measure to save up to $4.5mn in tariffs for apparel makers

09
Dec '06
Michael M Fortier
The Honourable Michael M Fortier, Minister of Public Works and Government Services and Minister responsible for the region of Montréal, on behalf of the Honourable Jim Flaherty, Minister of Finance, announced the implementation of measures to reduce or eliminate tariffs on a number of textile fabrics used in apparel manufacturing. These measures will provide Canadian apparel producers with up to $4.5 million in annual duty savings.

"The announcement today will help firms in Montréal and across Canada to maintain jobs by becoming more productive and more competitive," said Minister Fortier. "Canada's New Government is determined to let Canadian businesses to grow and succeed by building a stronger economy and creating a tax advantage that will establish the lowest tax rate on new business investment in the Group of Seven (G7)."

Under the new tariff measures announced today, the Government of Canada is:

Eliminating the tariffs on a variety of apparel fabrics of particular interest to Canadian apparel producers where it has been determined these fabrics are not available from Canadian production.

Providing further tariff relief on a number of apparel fabrics where domestic production averages less than $5,000 annually.


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