TORONTO, Nov. 29, 2011 /CNW/ - Retail Council of Canada (RCC) applauds
Minister Flaherty's recent announcement to eliminate a number of
tariffs on goods used in manufacturing.
"This government has shown tremendous leadership in reducing tariffs on
the manufacturing sector, and we look forward to the next logical step
of reducing or eliminating tariffs in the retail sector," said Diane J.
Brisebois, president and CEO of RCC. "This will provide a win-win as it
will foster economic growth and have the added benefit of providing
more competitive pricing to Canadian consumers."
In his announcement Minister Flaherty acknowledged that "some of these
old-fashioned tariffs get in the way" and it is time "to get rid of
them". Brisebois noted that the economic benefits of eliminating these
manufacturing tariffs would be multiplied were the manufacturers to
pass the savings along to retailers.
Retailers in Canada pay import duties on consumer products which are
much higher than those paid by their American competitors. The Senate
Standing Committee on Finance has been studying the price gap between
US and Canadian retailers. Several witnesses to date have raised
tariffs as one of the main contributing factors to price disparities.
RCC will be presenting before the Senate Committee and will provide
recommendations on what government can do to benefit the economy and
"One key thing this government can do is to eliminate tariffs on
consumer goods, many of which are subject to tariffs of 18 per cent,"
SOURCE Retail Council of Canada
For further information:
Sally Ritchie, VP Communications and Marketing
(416) 922-0553 ext. 228