VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 21, 2013) - The Honourable Tony Clement, President of the Treasury Board, today held an economic consultation with Chinese-Canadian business leaders to discuss reducing red tape and using low-cost measures to support jobs and growth. Minister Clement was accompanied by the Honourable Alice Wong, Minister of State (Seniors) and Member of Parliament for Richmond.

"Today's discussion with business leaders provided me with valuable information on what they need to operate in today's climate of economic uncertainty," said Minister Clement. "Our Government is listening. We will continue to focus on supporting Canadian competitiveness and freeing business to do what it does best: innovate, invest, grow and create jobs."

Last October, the Government unveiled its Red Tape Reduction Action Plan, one of the most ambitious red tape-cutting exercises in the world today. As part of the Plan, the Government announced three new red tape initiatives in January that will generate about $10 million in annual savings for Canadian businesses.

"Our Government's Red Tape Reduction Action Plan is translating into real savings for businesses in Canada," added Minister Clement. "But this is only the beginning. In the coming months, our Government will announce more initiatives to cut red tape, while protecting the health and safety of Canadians."

The Government of Canada, which has instituted significant ongoing annual savings through a strategic review of government operations, also continues to look for ways to support jobs and growth, while returning to balanced budgets before the end of this Parliament.

"Prudent public finances are the solid foundation we need to ensure a healthy economy," said Minister Clement. "We are consulting with Canadians to get their input on fiscally responsible measures our Government can take to support jobs, growth and long-term prosperity."

Today's discussion in Vancouver is part of a nationwide consultation, as Canadians are asked what concrete actions can be taken to strengthen our economy in the face of global economic uncertainty, solidify our economic recovery, and position Canada to compete and prosper over the long term.

To ensure that all Canadians can participate in the process, the Government of Canada has also launched an online consultation. Those interested in participating can learn more on the Finance Canada website.

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