Friday, June 24, 2011

New in the Next Phase of Canada’s Economic Action Plan

With the release of Canada's Federal Budget, GMA is looking forward to contributing to the accomplishment of the Government's objectives of consulting with industry to improve procurement policies.  Below are exciting excerpts from the Budget: 
Improving Military Procurement
In 2008, the Government announced the Canada First Defence Strategy—a long-term strategy to modernize the Canadian Forces. This commitment has set the stage for a renewed relationship with Canada’s industry, knowledge and technology sectors, allowing unprecedented opportunities for every region of the country and creating an environment in which companies can plan ahead, positioning themselves to compete for defence contracts in Canada and in the global marketplace.
Considerable progress has been achieved in streamlining and improving military procurement processes, including through the National Shipbuilding Procurement Strategy and enhancements to the Industrial and Regional Benefits Policy. The Government is committed to continuing these efforts by developing a procurement strategy, in consultation with industry, to maximize job creation, support Canadian manufacturing capabilities and innovation, and bolster economic growth in Canada.

Launching a Review of Aerospace Policy and Programs
Canada’s aerospace sector is a global technology leader and a major source of high-quality jobs. The Government will conduct—through a consultative process involving the Aerospace Industries Association of Canada and their member firms—a comprehensive review of all policies and programs related to the aerospace/space industry to develop a federal policy framework to maximize the competitiveness of this export-oriented sector and the resulting benefits to Canadians. This review will be coordinated with the ongoing Review of Federal Support to Research and Development.

The Government has made substantial, successful investments to leverage private sector investment in this important, high-tech and growing sector of our economy. To build on these successes, the Government will ensure that stable funding is provided for the Strategic Aerospace and Defence Initiative through this 12-18 month consultative review, and examine options for continuing the level of funding thereafter.