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CME applauds Canada’s efforts to reduce barriers to internal trade

Published by Stephanie Brooks on June 13, 2013

The following statement comes from Canadian Manufacturers & Exporters’ (CME) President & CEO, Jayson Myers: 

As policymakers, stakeholders, business leaders and academics gather in Ottawa today for the Internal Trade Symposium, Canadian Manufacturers & Exporters (CME) is pleased to take part in the discussion on internal trade and the elimination of barriers to promote a strong domestic market.

Canadian manufacturers and exporters rely heavily on the flow of goods and people across Canada to grow. In the last decade, and especially during the most recent US recession, trade among provinces has been more intense than Canada-US trade. Between 2000 and 2005, inter-provincial trade has increased by 25 per cent, while international exports and imports grew by six and nine per cent, respectively. Similarly, investment and migration are far more likely across provincial borders than across the Canada-US border. 

Inter-provincial trade has become an important source of growth for the Canadian manufacturing sector, as well as sustained economic growth from the natural resources sector in the prairies and in Western Canada.

Canada’s Agreement on Internal Trade (AIT), which came into effect on July 1, 1995, is an important feature of our national economy and ensures provinces respect common rules and harmonize their regulations, in areas such as government procurement systems, labour standards, consumer-protection measures, environmental regulations, and taxes.

CME applauds the Canadian government’s leadership role in today’s symposium and looks forward to working with governments and other trade associations to reduce the cost of business in our domestic markets. 

 

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