The Province of Quebec’s Trade with the US

 Quebec's Major Exports (Billions)

The second day of the Forum was opened by Jean Seguin from the Province of Quebec’s Ministry of the Economy, Science, and Innovation External Trade Department who welcomed the Forum, extending the warmth and hospitality typical of Quebecois. He provided the Forum with key statistics related to Quebec Province, which has the second largest population (8.7 M) and the third largest GDP ($370 billion) in Canada.

Mr. Seguin noted that Quebec has numerous economic assets that boost growth, including abundant natural resources, hydro-electric power at relatively low production costs, a strategic geographical situation, a highly educated and skilled workforce, significant R&D investments, and the capacity to export products around the world.

By leveraging these assets, Quebec is now positioned as a leader in a number of high technology sectors, including aerospace, life sciences industries, information technologies and communications, green technologies, wind power, and the aluminum industry. The aerospace sector alone includes some 260 companies that employ about 40,000 people.

Quebec is Canada’s third largest exporter, behind Ontario and Alberta. Quebec’s highest-valued exports are aircraft, unwrought aluminium, and turbojets, which together accounted for 10.8% of the value of the province’s exports (2014). Wood and pulp products, minerals, and electricity are also among the top export products.

The US is Quebec’s largest customer, Mr. Seguin said, receiving almost 70% of Quebec’s exports valued at more than $40 billion. Parts and goods flow back and forth from Quebec to the US in critical supply chains that enable high-tech manufacturing at optimal pricing. This interdependent relationship heightens the importance of creating solutions to the issues of border flows and security. “Our goal is to work together to create smooth processes that facilitate trade and business,” Mr. Seguin said, “in order to stay competitive in the global marketplace and keep jobs in North America.”

Speaker Biography

Jean Seguin

Following his four years as Assistant Deputy Minister for Metropolitan Affairs at the Ministère des Affaires municipales, des Régions et de l’Occupation du territoire, Mr. Jean Séguin currently holds the role of Assistant Deputy Minister for International Trade at the Ministère de l’Économie, de l’Innovation et des Exportations. He possesses years of experience in public finance and international trade. In past years, he was also an economic advisor to Quebec’s minister of Finance (2004-2005), the Mayor of Montréal (2003-2004) and the president of the Quebec Chamber of Commerce (2003).

Mr. Jean Séguin holds a Master of International Economics from Suffolk University of Boston and has a proven track record for success in international trade and commerce, including helping businesses establish themselves outside Québec..

Other Summer 2016 Forum Highlights articles:

Jean Seguin

Assistant Deputy Minister

Province of Quebec’s Ministry of the Economy, Science, and Innovation

The US is Quebec’s largest customer, Mr. Seguin said, receiving almost 70% of Quebec’s exports valued at more than $40 billion.

Jean Seguin

Assistant Deputy Minister

Province of Quebec’s Ministry of the Economy, Science, and Innovation

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