Both the government and business are hoping for a boost to exports to Canada as duties are waived on the world’s tenth largest economy. Despite protests the CETA agreement will be implemented in February and trade minister Ann Linde (S), says, “I believe that CETA will be a vitamin injection and a lift for Swedish exports to Canada, bringing both new jobs and more growth to Sweden.”
DI reports that exports to Canada fell by 23% between 2006 and 2015, something Ann Linde puts down to high duties and complicated procedures.
Volvo-owned Mack Defense has received two major orders for 1,500 trucks from the Canadian Armed Forces. The deal is worth SKr 5 billion.
Communication director for Volvo Group Governmental Sales Grégoire Verdon, says, “One of the pillars in our strategy is to develop business in other parts of the world… Canada is an example that our strategy is giving results.”
This is first time Volvo has succeeded in selling a European truck to a defence customer in North America. “This is a good opportunity to show our group’s abilities,” says Grégoire Verdon.