Retail Council of Canada welcomes tariff announcement

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 Canadian consumers.

"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," said Brisebois.

SOURCE Retail Council of Canada

For further information:

Sally Ritchie, VP Communications and Marketing
(416) 922-0553 ext. 228


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