Question Period Note: G7 Trade Track

As part of its G7 Presidency, Canada is leveraging the G7 Trade Track to advance its international trade interests and to foster collaboration and convergence among G7 members on areas of common inter

• Canada is leveraging the G7 Trade Track to advance its international trade interests and foster collaboration and convergence among G7 members on areas of common interest.
• We are working closely with our G7 partners to address non-market policies and practices that distort trade and investment, and harm workers and businesses.
• The Trade Track serves as a platform to exchange views and perspectives on the role of the multilateral trading system in supporting open, fair, predictable and transparent trade and investment.
• The Trade Track has been sharing best practices to strengthen and secure more inclusive and resilient supply chains, including by supporting small and medium-sized enterprises, eliminating forced labour, and addressing illicit trade.

As part of its G7 Presidency, Canada is leveraging the G7 Trade Track to advance its international trade interests and foster collaboration and convergence among G7 members on areas of common interest, with the aim of promoting global economic stability, growth and prosperity.

Under Canada's leadership, the Trade Track is focusing on advancing constructive engagement on shared interests under three themes:

Enhancing Economic Security, Resilience and Prosperity: Canada is concerned about non-market policies and practices (NMPPs) that distort trade and investment and harm workers and businesses. We see value in continued G7 collaboration to better understand and address NMPPs, fostering a level playing field.

Navigating Challenges in the Global Trading Landscape: Canada promotes open, predictable, transparent, and rules-based global trade. We are leveraging the G7 to maintain dialogue on current challenges facing the system and on efforts to modernize the WTO.

Building Inclusive, Resilient Supply Chains: The Trade Track is sharing best practices on how governments can support small and medium-sized enterprises (SMEs) in diversifying supply chains. Canada is supportive of work to eradicate forced labour and uphold human rights and international labour standards in global supply chains. As G7 chair, Canada is leading technical discussions on forced labour and environment-related illicit trade in sectors like wildlife, timber, and minerals – a global illicit sector estimated at USD 110-281 billion and growing annually.

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