The changing global market for Atlantic manufacturing / : Évolution de marché mondial pour le secteur manufacturier au Canada atlantique

Atlantic Canada’s share of exports to the EU (excluding refined petroleum) fell from over 20% in the early 1990s to about 10% in the mid-1990s, due to the rapid increase in exports to the US. [...] Despite a significant contraction in the size of the sector since 2004, the report notes the continued importance of manufacturing to the region’s economy, particularly as a source of export revenues. [...] The analysis in this report is also intended to provide the foundation for a closer examination of opportunities for Atlantic manufacturers in the EU, particularly in light of the expected implementation of the Canada-EU Comprehensive Economic and Trade Agreement (CETA). [...] Source: APEC With the contraction and consolidation in a number of global manufacturing industries, the Atlantic region experienced the closure of a number of large manufacturing plants, many of them foreign-owned.11 Although spread across the Atlantic region, the closures were particularly pronounced in the region’s leading export industries, most notably forest products and seafood and food manu [...] These closures imply a permanent reduction in the region’s manufacturing capacity; future export growth will have to come from the expansion of surviving producers, with little prospect for the entry of new foreign-owned manufacturing plants.12 One consequence of the decline in exports and the closure of several large export- focused plants, is that the overall export intensity of the region’s man