T H E M I N I N G 201 9 ANN U AL R E P O R T 34 I N TE R N A T I O N A L T R A DE A N D I N V E S T ME N T M A C m o n i t o r s a n d p a r t i ci p a t es i n g o v er n m e n t t r a d e a c t i v i t i e s a n d wo r k s t o p r o m o t e o p en fl o ws o f t r a d e a n d i n v est m en t t o en h a n ce t h e i n t er n a t i o n a l co m p et i t i v en es s o f t h e Ca n a d i a n m i n er a l s a n d m et a l s i n d u st r y T h e m i n i n g i n d u st ry ran ks al o n g s i d e fi n an c i a l serv i c es an d o i l an d g as as t h e m o st i n t erna t i o n al o f C an ad a s i n d u st ri a l sec t o rs T h e i n d u st ry a c c o u n t ed fo r ap p ro xi m at el y 2 0 o f t h e v al u e o f C an ad i an g o o d s ex p o rt s i n 2 0 1 8 ex c ee d i n g 1 0 4 b i l l i o n an d c o n si st ent l y ac c o u n t s fo r a si g n i fi c an t sha re o f C an ad a s d i rec t i n v est m ent ab ro ad C an ad a i s al so a g l o b al h u b fo r m i n i n g fi n an c e wi t h t h e T o ro n t o St o c k E xc h an g e T SX an d T SX Ven t u re E xc h an g e T SX V h o st i n g 5 7 o f t h e wor l d s p u b l i c l y l i st ed m i n i n g c o m p an i es an d t h e ex c h an g e c o n si st ent l y t ran sac t s t h e m ajo ri t y o f g l o b al m i n i n g equ i t y fi n an c i n g s o n an an n u al b asi s C an ad a s suc c ess i n m i n i n g i s i n f l u enc ed i n p art b y t h e federal g o v ern m ent s t rad e effo rt s T h i s i n c l u d es t h e o v erse as n et wor k o f em b assi es an d t rad e c o m m i ssi o n ers t h e t rad e fi n an c e c ap ac i t y t h ro u g h E xpo rt D ev el o p m ent C an ad a an d an arr ay o f Fr ee T rad e A g reem ent s an d FI P A s Fr e e T r a d e Ag r e e m e n ts Fr ee t rad e i n v est m ent an d t axat i o n ag reem ent s h el p fac i l i t at e t h e t rad e o f m i n i n g p ro d u c t s an d i n v est m ent fl o ws T h ese ag reem ent s redu c e b arr i ers f o r i n v est m ent enh an c e t ran spa renc y an d ad v an c e c o o p erat i o n T h e redu c t i o n an d el i m i n at i o n o f t a ri ffs i n c reases t h e c o m p et i t i v eness o f C an ad i an m i n era l p ro d u c t s i n fo rei g n ju ri sdi c t i o n s b y l ev el l i n g t h e p l ayi n g fi el d fro m a c o st st an d p o i n t t h u s enab l i n g c o m p an i es t o c ap t u re g reat er m arket sha re P art o f m ai n t ai n i n g C an ad a s g l o b a l l eadersh i p i s en sur i n g t h at C an ad i an m i n i n g an d sup p l y sec t o rs h av e ac c ess t o m o d ern an d c o m p rehen si v e t rad e an d i n v est m ent v ehi c l es t o m ee t t h e wor l d where i t d o es b u si n ess M A C i s p l ease d t o see t h e Go v ernme n t o f C an ad a p u rsu i n g a ro b u st t rad e ag end a an d sup p o rt s p art i c i p at i o n i n t h e fo l l o wi n g eng a g em ent s Ca n a d a U S M exi c o Free T r a d e A g r eem e n t O n N o v em b er 3 0 th 2 0 1 8 C an ad a t h e U S an d M ex i c o s i g n ed t h e C an ad a U n i t ed St at es an d M ex i c o Fr ee T rad e A g reem ent C U SM A C U SM A i s b ased o n t h e N o rt h A m eri c an Fr ee T rad e A g ree m ent whi c h o ri g i n a l l y c am e i n t o effec t o n J an u ary 1 st 1 9 9 4 T h e p r ese n t ag reem ent was t h e resul t o f m o re t h an a y ear o f n eg o t i at i o n s i n c l u d i n g t h reat s o f t ari ffs b y t h e U S ag ai n st C an ad a I n C an ad a t h e l eg i sl at i o n t o rat i fy C U SM A was i n t ro d u c ed i n P arl i am ent i n M ay 2 0 1 9 b u t d i d n t b ec o m e l aw p ri o r t o t h e d i sso l u t i o n o f P arl i am ent i n ad v an c e o f t h e 2 0 1 9 federal el ec t i o n T h e rat i fi c at i o n o f t h e C U SM A is a si g n i f i c an t g o v ernme n t p ri o ri t y w i t h l eg i sl at i o n t ab l ed an d p ro g ressi n g we l l t h ro u g h P arl i a m ent A s t h e si n g l e l arg est m arket fo r C an ad i an m i n era l an d m et al ex p o rt s M A C h as c o n si st ent l y sup p o rt ed t h e n ee d fo r t h e rat i fi c at i o n o f t h e u p d at ed ag reem ent Co m p r e h en s i v e a n d P r o g r ess i v e A g r e em en t fo r T r a n s P a ci fi c P a r t n er sh i p CP T P P O n D ec em b er 3 0 th 2 0 1 8 t h e C P T P P ent ered i n t o fo rc e i n t h e fi rst si x c o u n t ri es t o rat i fy t h e ag reem ent C an ad a A u st ral i a J ap an M ex i c o N ew Z ea l an d an d Si n g ap o re Vi et n am was t h e sev ent h c o u n t ry t o rat i fy t h e ag reem ent o n J an u ary 3 0 th 2 0 1 9