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International Trade committee We would say it is to ensure the unhindered flow of goods between Canada and the U.S. These goods are essential for a lot of reasons, as they keep people working all around the country, so we have to make sure that we lessen the administrative burden and at the same time protect access to markets without undue occupation or stoppage of the infrastructure.
May 9th, 2024Committee meeting
Jean Simard
International Trade committee I don't know. I wasn't there.
May 9th, 2024Committee meeting
Jean Simard
International Trade committee I don't understand the question.
May 9th, 2024Committee meeting
Jean Simard
International Trade committee It's approximately 10,000.
May 9th, 2024Committee meeting
Jean Simard
International Trade committee They're owned by the stock market.
May 9th, 2024Committee meeting
Jean Simard
International Trade committee Approximately, yes. We've been pretty stable.
May 9th, 2024Committee meeting
Jean Simard
International Trade committee It must be pretty small these days because China has taken over Asian markets.
May 9th, 2024Committee meeting
Jean Simard
International Trade committee It all depends on the dynamics of the markets, both in Asia—
May 9th, 2024Committee meeting
Jean Simard
International Trade committee It's 3.2 million tonnes.
May 9th, 2024Committee meeting
Jean Simard
International Trade committee They all are.
May 9th, 2024Committee meeting
Jean Simard
International Trade committee I'm sorry. I totally disagree with your statement.
May 9th, 2024Committee meeting
Jean Simard
International Trade committee I'm sorry, but no, I totally disagree.
May 9th, 2024Committee meeting
Jean Simard
International Trade committee May I answer? Yes, the facts.... We have invested over $15 billion in the remodernization of the plants in Canada over that same period of time. Over that same period of time, the U.S. went from 14 smelters to three, and Europe has gone down by 60%. Canada now produces 85% of all the metal produced in North America.
May 9th, 2024Committee meeting
Jean Simard
International Trade committee Canada produces metal responsibly and with the lowest carbon footprint in the world. In future agreements on carbon border adjustment mechanisms, we must ensure that our metal, within the parameters that will be decreed, finds its rightful place. We have to make sure that, in the future, we manage to monetize its low carbon footprint, which isn't the case at the moment.
May 9th, 2024Committee meeting
Jean Simard
International Trade committee We remember that case. A Chinese billionaire used aluminum to move his fortune out of China. The aluminum reserve was discovered in the Mexican desert from an airplane flight before being repatriated to Vietnam. We're talking billions of dollars. Such a scenario would be impossible in Canada, which has a very robust import control system for aluminum, including mandatory reporting by importers.
May 9th, 2024Committee meeting
Jean Simard