
Smoother regulatory framework can mitigate economic
downturn
The uncertain economic outlook featured
prominently at the recent breakfast meeting of
the Canadian Fluid Power Association (www.cfpa.ca),
an organization that represents manufacturers
and distributors in the robotics, mechatronics,
hydraulics and pneumatics disciplines.
Keynote
speaker Jayson Myers, president, Canadian
Manufacturers & Exporters (www.cme-mec.ca),
and chairman, Canadian Manufacturing Coalition, told
the meeting that the current crisis, while
unprecedented, should be looked at in historical
context. Myers noted the Asian currency crisis, the
Dot Com bubble burst and 9/11 as milestones that the
economy has bounced back from over the past 20
years. He also pointed out that in 1991, the Fraser
Institute, a business think tank, predicted that
Canadian manufacturing would disappear in 20 years.
''As companies exit the market (in this economy), opportunities arise for those with cash. Hopefully credit issues will also be resolved during this sales downturn,'' said Myers.
The CFPA
is part of the Canadian Manufacturing Coalition, one
of 43 industry associations that also includes
Electro-Federation Canada (www.electrofed.com), lobbying Canada's Minister of Finance. The in a letter to the minister of behalf of the coalition signed by Myers, he urged that:
• regulatory
frameworks enable innovation and competitiveness,
• compliance
is simplified and streamlined,
• new
regulations are thoroughly vetted to assess their
real impact on our international competitiveness.
On yesterday's budget Myers commented, ''There's still a lot of work to do to make sure we've got a tax system to improve investment in technology and innovation.''
Mike Edwards,
Supervising
Editor, Canadian Electronics
medwards@clbmedia.ca
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New look for 2009!
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