Canada Supports OECD Statement on Supporting Global Economic Recovery After Covid
International cooperation is essential to address the health, economic and social crises resulting from the COVID-19 pandemic and to rebuild a stronger, more inclusive, green and sustainable global economy.
Over the past two days in Paris, the Honorable Mary Ng, Minister of Small Business, Export Promotion and International Trade, and the Honorable Mona Fortier, Minister of Middle Class Prosperity and Associate Minister of Finance, attended the 2021 Ministerial Council meeting of the Organization. for Economic Cooperation and Development (OECD).
Minister Ng joined in-person ministerial meetings to discuss the shared values and priorities of OECD members and to advance initiatives such as the Global Relations Strategy, an initiative co-led by Canada. The Minister stressed the importance of achieving environmentally sustainable growth that produces significant economic, social and health outcomes, the benefits of which are shared by all.
On the theme of inclusive trade, Minister Ng shared Canada’s best practices on trade and labor standards in international trade agreements for the benefit of workers and communities. She also met Mathias Cormann, the newly appointed OECD Secretary-General, to discuss Canada’s approach to trade that benefits and offers opportunities that can be more widely shared, including support to accelerate OECD work to empower more under-represented groups such as women, SMEs and indigenous peoples.
Meanwhile, Minister Ng attended a ceremony with her counterparts from Chile and New Zealand to officially welcome Mexico as a member of the Inclusive Trade Action Group (ITAG). Mexico also presented its official documents to ITAG members to accede to the Global Agreement on Trade and Gender Equality (GTAGA). The Arrangement emphasizes the importance of mutually reinforcing trade and gender policies, and the removal of barriers to women’s participation in trade as part of broader efforts to achieve equality and empowerment. women’s economy.
By joining virtually, Minister Fortier represented Canada in a ministerial discussion on building an inclusive future. Minister Fortier underscored the need to level the global playing field to ensure an inclusive and sustainable recovery from the COVID-19 pandemic for all economies. She highlighted Canada’s action to address gender inequalities, remove systemic barriers to economic participation and fight divestiture.
Minister Fortier also discussed Canada’s New Quality of Life Framework, which is organized into five interrelated areas: prosperity, health, environment, society and good governance. The framework will bring a comprehensive, inclusive and sustainable perspective to policy making taking into account the potential impacts of policies on a range of outcomes, for different genders, genders, regions, sectors, ethnicities, ages and income levels.
OECD members, including Canada, endorsed a joint statement on their commitment to supporting the global economic recovery from the COVID-19 pandemic and building a more sustainable, inclusive and resilient future.