House of Commons Standing Committee on International Trade
May 16, 2017
Access to export markets for Canadian oil and natural gas is vital for our industry and the Canadian economy.
The maintenance of frameworks that support the operation of free markets and enable a globally competitive Canadian industry is a fundamental premise of free trade and it is the cornerstone of my Association’s position on free trade.
Thirty years ago, in 1987, Canada and the United States were negotiating a free trade agreement. The negotiations were difficult. They were controversial. Most important, the negotiations were successful.
Those negotiations were successful for many reasons not the least of which is the simple fact that Canada and the United States are substantially free market economies with a common acceptance of the primacy of competition and with economies that already had in 1987 many interconnections and interdependencies.
On energy, by 1987, both Canada and the U.S. had adopted similar policies that relied on market forces to drive the energy economy. Both countries continue to operate on the basis of market-based energy policies.