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Canada's Meat Processing Industry

Canada's food processing industry

Since surpluses are appearing in the Canadian government's budget, I hope that the Liberals will remember their promises to the Canadian people and take measures to promote literacy in Canada and in Quebec by abolishing the GST, at least on reading material, and by increasing subsidies as required, so that the cultural industry of magazines and publishing can do more than just survive.

They include: recognizing the importance of the food processing sector to the Canadian economy and investing in research and development and in innovation in proportion to the importance of the food industry to the Canadian economy; developing and implementing an innovation strategy for the food and beverage processing industry — businesses need a strategy to point them in the right direction; in terms of venture capital financing, we have to align the assistance by reviewing the performance criteria of shrinking funding — from 35 to 15 per cent, for example — by creating venture capital financing for agri-food processing SMEs and by d ...[+++]eveloping specific programs to attract private investors to agri-food; reducing the Canada Revenue Agency's administrative requirements for obtaining tax credits in research and development in order to make them more accessible to food processing SMEs, and supporting product development; the innovation of manufacturing processes can make it possible to achieve a productivity level that ensures competitiveness at an international level; access to major funding for investment in cutting-edge equipment to improve manufacturing processes, to reduce production costs and to increase productivity so that we have a world class industry.

The Standing Committee on Agriculture and Agri-Food recommends that Agriculture and Agri-Food Canada (AAFC) hold formal discussions with the Minister of Finance to show the impact of the strengthening Canadian dollar on the food producing and processing industry in Canada and to examine ways to relieve the pressure on the industry from the rising Canadian dollar.

Canada's federally inspected meat processing industry is the most regulated of all food processing sectors.