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HomeNewsGlobal NewsCanada - OECD to advance trade and economic priorities

Canada – OECD to advance trade and economic priorities

PARIS, France – This week, Mary Ng, minister of international trade, export promotion, small business and economic development, was in Paris and met with international partners and participated in the 2023 Ministerial Council Meeting of the Organisation for Economic Co-operation and Development (OECD).

“Canada is committed to open, transparent and inclusive trade. We will continue to work closely with our international partners on shared priorities that reflect our common values and ongoing efforts to strengthen the rules-based trading system, fight global challenges, and support good jobs and workers around the world,” said, minister Ng.

During the OECD meetings, minister Ng reiterated Canada’s commitment to work with OECD members to address the economic and trade impacts of Russia’s illegal and unjustifiable aggression towards Ukraine, Global Affairs Canada reported.

“Minister Ng then led an Ottawa Group meeting on WTO reform and participated in the Australia-hosted WTO Informal Ministerial, where she discussed key priorities for the WTO’s 13th Ministerial Conference (MC13), such as establishing a fully functioning dispute settlement system and addressing food insecurity. Minister Ng also held bilateral meetings with counterparts from Australia, Brazil, South Korea, and Vietnam to discuss shared commitments and priorities and highlight Canada as a leader in international rules-based trade. Minister Ng also took advantage of her visit to speak with ministers from Costa Rica, Colombia, Sweden, UK and US, among others.”

At the conclusion of the OECD Ministerial Council Meeting, members, including Canada, endorsed a joint statement on their commitment to maintaining and strengthening the rules-based international economic order, and to building a strong, sustainable and inclusive future.

Global Affairs Canada, reported that: “ Minister Ng also met with counterparts from Australia, Japan, New Zealand, the United Kingdom and the United States of America to address economic coercion and unfair trading practices. Together, they issued a joint declaration against trade-related economic coercion and non-market policies and practices.” And “as 2023 chair of the Global Forum on Steel Excess Capacity Ministerial Meeting, minister Ng also led discussions focused on addressing global excess steel capacity issues and decarbonizing the sector to meet climate goals.”

Quick facts

  • The OECD is an international organization whose goal is to shape policies that foster prosperity, equality, opportunity and well-being for all.
  • The OECD comprises 38 members from North America, South America, Europe and the Asia-Pacific region, and, along with its key partner countries, represents about 80 percent of world trade and investment.
  • Canada is 1 of the 20 founding members of the OECD (and has been a member since 1961).
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