Kryton was in the national news recently, with CBC’s Network Reporter Chris O’Neill-Yates interviewing Kryton CEO Kari Yuers at Kryton’s headquarters in Vancouver, BC about how The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) influences Canadian businesses.
On December 30, 2018, the CPTPP entered into force among the first 6 countries to ratify the agreement – Canada, Australia, Japan, Mexico, New Zealand, and Singapore – and provides Canada with preferential access to key markets in Asia and Latin America. Once fully implemented, 11 countries in the Asia-Pacific region will form a trading bloc representing 495 million consumers and 13.5% of global GDP. “CPTPP will boost manufacturing while lowering export and import costs and ultimately enhance the lives of citizens in all of these nations,” said Kari Yuers, who has championed the cause of local businesses in several capacities: presently as a Board Member of the Export Development Canada and Senior Vice Chair on the Greater Vancouver Board of Trade, and previously on the Leadership and Management Development Council (LMDC) of BC.
Kryton International exports to 8 of the 10 nations that are part of the CPTPP and looks forward to expanding to new markets in Asia and Latin America with the reduced tariffs made possible by the agreement. “As a company, we’ve always believed in bringing innovative solutions to the challenges of not just today, but of the future as well. Our mission is to tear down the limits to how the future is built. We are glad that the Canadian government is part of this agreement. Open borders and trade policies foster research and innovation by forcing businesses to stay competitive and offer their best to the consumer.” Kari said. Kryton has several exciting developments to share in 2019, and with the support of CPTPP, hopes to continue its 45-year trend of innovation, research, and commitment to concrete durability to its customers around the world.