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1925 GSP and thus jobs are the result of aggregate demand for Canaâ€" dian production, which includes consumer demand, investment demand, government demand and net export demand. Strangely, the sector which is providing the greatest stimulus to growth in 1992 and 1993 is our net exports. To quote the TD Bank Canada‘s Business Climate for April 1993; "Growth accelerated in the fourth sharp rise in the trade balance. Early indications are that growth continued at a steady pace in the first quarter of 1993, as evidenced by modest but sustained increases in employment, strong gains in orders for manufactured goods, and a surge in exports." Merchandise trade surplus is expected by the TD Bank to grow to $16 billion in 1993 from $9.5 billion in 1992 and to increase again to $25 billion in 1994. However, since our exports help to pay for our interest indebtedness, we cannot be complacent about our merchanâ€" dise trade surplus, We have to have it to earn foreign currencies with which to pay the interest on our foreign debt. NAFTA is unlikely to be of significant help to Canada in the shortâ€"run as most of our trade is with the United States. We had a $17.7 billion surplus in merchandise trade with the U.S. in 1992, while Canada‘s twoâ€"way trade with Mexico amounted to a mere one per cent of total trade. The longâ€"run, may prove more beneficial if Mexico grows and demands more of Canada‘s raw materials in parâ€" ticular. However, NAFTA for Canada is a defensive move since the U.S. could turn to Mexico rather than Canada for imports so it is best that we be at the table to protect our interests. It is interesting that tradeâ€"would go on with the U.S. and Mexico even without the NAFTA agreement. Yet, through NAFTA we can guarantee access to markets which would not be as free of political MP«W&&MM&U&MMM protectionist with the election of a Democratic president and more Democrats in the legislative bodies. Yet, there are clear rules which the FTA sets out which pr While there have been recent incidences where the U.S. has hpmdmmm:hdwmdhnh,*d.mdm pmdual,themoclunilmundu?mwmmnthuc-mdl mmwmmmmwmm might be excluded from. In other words, we may face temporary barriers but it is unlikely under FTA that those would be permaâ€" nent. Under NAFTA, Mexico NAFTA: not to be feared J action against Canadian (Continued on page 13) n t to V D ummwmaummm.mwm wpuiâ€"md Watertoo, discuss the company‘s new matrix radiant burner with Becker of Mechanical Plumbing and Heating. The highâ€"tech matrix bumer (far left), which has a m?mmmum:wmmmm sions. it was one mwmwmm the opening ceremonies of the new Viessmann office/assembly facility on McMurray Road last Tom Brocustbank photo VIESSMANN OPENS NEW HQ Firm to up its Canadian content n the words of its president, The Viessmann Manufacturing Company is remaining "true ‘to Waterloo". Dr. Martin Viessmann expressed that senâ€" ‘timent last Friday, when the company rolled the red carpet to local customers, suppliâ€" ors, busi d dignitar for the official opening of its new The: North American head office on d Wa hl:lm'qyflmdinuthww- ‘The opening of the new facility 9 dmmdpdvminmauin acces employment â€" Viessmann still fllfllt (h.dn:"flnmmf ;h:n: n ‘s hot wate tion with its choice of Waterloo as Ras gic location," Dr. Viessmann told REFNY the crowd of over 200 gathered for the opening. "The setting of Waterloo, Ontario allows us the optiâ€" mum reach to both border crossings, Fort Erie and Detroit, and guarantees us access to the most predomâ€" inant hot water heating market in North America." Viessmann has further shown satisfaction with its North American operations by increasing the Canaâ€" dian content of the products it sells here to 40 per cent for boiler room control centres and as high as 70 per cent for boilers. Dr. Viessmann also promised to favor local manufacturers and suppliers. ‘Those present for the opening ceremonies were given a tour of the new threeâ€"level structure. The facility combines £,000 sq. ft. (558 sq. m) of office space with 27,000 sq. ft. (2511 sq. m) of assemâ€" bly and warehouse space. "It is important to have a strateâ€" hot water heating market in North access to the WATERLOO CHRONICLE, WEDNESDAY, JUNE 2, 1993 â€" ‘The sixâ€"acre (2.4â€"hectare) building site provides for hn-p-flldebhrfimutbhdflnp& sent size. A notable design feature of the building is its unique underâ€"floor hot water heating system for the office and assembly facility which makes use of Viessâ€" mann‘s own gasâ€"fired condensing boilers, providing an annual fuel utilization efficiency in the range of 95 per cent. m The design of the new facility o oo nen ups for education and pr uct m ses training, creating a "classroom y The facility will be open to the m general public and will allow nm mechanical} contracting firms to Â¥ * bring prospective customers b.- through the showrcom and demonâ€" stration area that has been set up Viessemann in the building. (b-hl-nsm\hylwfllhehfihathi year to let consumers know more about Viessmann products. Plans for 1994 include seminars for stuâ€" dents and engineering graduates. ‘The second floor of the office facility is dedicated to education and training in order to keep those who market Viessmann products informed of the comâ€" yqflm-dtohbhflddn’rmfiemem Viessmann Manufacturing Company is a subsidiary of Viessmann Werke of Allendor{, Germany, a 76â€" yearâ€"old family firm with 8,000 employs in 11 plants across central Europe. Viessmann has been located in Waterioo since 1980, most recently on Randall Drive. Fully Liquid â€" Ideal for RRSPs Call Brian Vickers at Rates as of May 12793. alive" atmosphere, as Viessmann terms it, for seminars offered to cal contractors, architects and speâ€" =/014