United States President, Joe Biden has revealed that US and Canada have unleashed economic potential of their people with a partnership that generates more than $2.5 billion in trade every single day.
Biden disclosed this in his remarks during a Press Briefing in Canada on Friday, said US is transforming its hemisphere into a clean energy powerhouse, including extending the Inflation Reduction Act tax credits to electric vehicles assembled in Canada.
US President who is on an official visit to Canada met with the Prime Minister, Justin Trudeau to discuss how the US and Canada can continue to work together to combat climate change, promote inclusive economic growth, and strengthen their democracies.
Biden disclosed that his Government is making a provision of $50 million available via Defense Production Act to incentivize more US and Canadian companies to invest in packaging of semi- conductors and printed circuit boards.
He said the countries will deepen the global cooperation, also expanding their regional collaboration. We’re doubling down on our work to disrupt synthetic drugs, which have claimed too many American and Canadian lives.
“By bolstering our work together in the North American Drug Dialogue with Mexico and building a new global coalition against synthetic opioids, we’re working to get these killer drugs like fentanyl out of our communities”, he said.
The President stated that under Los Angeles Declaration on Migration and Protection, both countries are making good on their commitment to address the historic levels of migration in their hemisphere.
“Since we created dedicated pathways in the United States, the number of migrants arriving on our southern border has dropped precipitously.
“And I commend Canada for stepping up with a similar program, opening new legal pathways for up to 15,000 migrants to come to Canada from countries in the Western Hemisphere”, he added.
Speaking earlier, Canada’s Prime Minister, Trudeau who welcomed US President to the country, said both had the opportunity to discuss the progress made under the February 2021 Roadmap for Renewed US- Canada Partnership, plan put forward a month after the President was sworn in.
“Today, with President Biden, we’ve made progress on several important files. And I’d like to mention some of our common priorities: growing the middle class, strengthening economy.
“Making life more affordable for people, fighting climate change and protecting the environment, protecting our citizens and values. In this serious time, with all challenges we face, we’re doubling down on our partnership and on our friendship”, he said.
Trudeau stated that Canada and the United States will build a global coalition against synthetic drugs. “We must stop the traffic of synthetic opioids while at the same time focusing on a public health response.
“If we want to keep Canadians and Americans safe at home, we have to continue defending our values around the world, values like democracy, the rule of law, and respect for the international rules-based order”, he said.