Latest news with #tradeBarriers
Yahoo
01-07-2025
- Business
- Yahoo
Ottawa removes all federal exceptions from Canadian Free Trade Agreement
The federal government says it has removed all interprovincial trade barriers under its jurisdiction. Ottawa has eliminated the remaining federal exceptions from the Canadian Free Trade Agreement (CFTA), Internal Trade Minister Chrystia Freeland said in a press release on Monday. Of the 53 exceptions removed, most of them focused on procurement, according to the press release. "Today's announcement builds on the government's efforts to strengthen the Canadian economy," reads the statement. "The federal government will continue to show leadership in this area, and work with provinces and territories to strengthen the CFTA, advance mutual recognition and ensure seamless labour mobility within Canada." Throughout the spring federal election campaign, Mark Carney as Liberal leader repeatedly vowed to "eliminate" interprovincial trade barriers and create "free trade by Canada Day." But Canada's internal trade barriers won't all be eliminated by then — not even all the federal ones. Canada's supply management system for dairy products, which sets provincial production quotas, will remain. Quebec also has language requirements that will stay in place. Provinces have announced steps to reduce their own interprovincial trade barriers in recent months.
Yahoo
01-07-2025
- Business
- Yahoo
Ottawa removes all federal exceptions from Canadian Free Trade Agreement
The federal government says it has removed all interprovincial trade barriers under its jurisdiction. Ottawa has eliminated the remaining federal exceptions from the Canadian Free Trade Agreement (CFTA), Internal Trade Minister Chrystia Freeland said in a press release on Monday. Of the 53 exceptions removed, most of them focused on procurement, according to the press release. "Today's announcement builds on the government's efforts to strengthen the Canadian economy," reads the statement. "The federal government will continue to show leadership in this area, and work with provinces and territories to strengthen the CFTA, advance mutual recognition and ensure seamless labour mobility within Canada." Throughout the spring federal election campaign, Mark Carney as Liberal leader repeatedly vowed to "eliminate" interprovincial trade barriers and create "free trade by Canada Day." But Canada's internal trade barriers won't all be eliminated by then — not even all the federal ones. Canada's supply management system for dairy products, which sets provincial production quotas, will remain. Quebec also has language requirements that will stay in place. Provinces have announced steps to reduce their own interprovincial trade barriers in recent months.
CBC
30-06-2025
- Business
- CBC
Ottawa removes all federal exceptions from Canadian Free Trade Agreement
The federal government says it has removed all interprovincial trade barriers under its jurisdiction. Ottawa has eliminated the remaining federal exceptions from the Canadian Free Trade Agreement (CFTA), Internal Trade Minister Chrystia Freeland said in a press release on Monday. Of the 53 exceptions removed, most of them focused on procurement, according to the press release. "Today's announcement builds on the government's efforts to strengthen the Canadian economy," reads the statement. "The federal government will continue to show leadership in this area, and work with provinces and territories to strengthen the CFTA, advance mutual recognition and ensure seamless labour mobility within Canada." Throughout the spring federal election campaign, Mark Carney as Liberal leader repeatedly vowed to "eliminate" interprovincial trade barriers and create "free trade by Canada Day." But Canada's internal trade barriers won't all be eliminated by then — not even all the federal ones. Canada's supply management system for dairy products, which sets provincial production quotas, will remain. Quebec also has language requirements that will stay in place.
South China Morning Post
13-06-2025
- Automotive
- South China Morning Post
US and EU should welcome Chinese manufacturing, not try to shut it out
In an amazingly short time, China has developed globally leading technology and manufacturing in multiple sectors, including energy storage electric vehicles (EVs), renewable energy , telecommunications equipment, biotech and more. Many markets want these goods, and China now makes them better and more cheaply than anyone else. But the unprecedented pace and scale of China's development in these sectors have also caught many countries off guard, posing a threat to their domestic industries, which are now slower, more expensive and less advanced than what is coming out of China. Even though these countries also have policies to help home-grown businesses succeed, they fall far short of the scale and effectiveness of China's industrial policy. And so, many countries, especially in North America and Europe, are doing all they can to keep advanced Chinese products out of their markets. Trade barriers have gone up, with a moving goalpost of reasons for barring or hindering the sale of Chinese goods in these countries, from national security concerns and intellectual property theft to unfair government subsidies . In some cases, these are valid concerns, but usually the heart of the problem is in the imperative to protect home-grown industries and avoid an overdependence on China. The result is that some of the most advanced and affordable products are being artificially shut out of markets that would otherwise be buying them. In the past, places like East Berlin and Cuba kept out foreign technology and never developed anything close to a competitor. Similarly, there are leading car brands from all over the world on American roads, but not Chinese cars, and especially not Chinese EVs, now widely considered the best in the world in terms of driving range, advanced features and pricing.
CBC
04-06-2025
- Business
- CBC
Nova Scotia reducing trade barriers with 5 provinces
Amid economic uncertainty in Canada caused in part by U.S. tariffs, Nova Scotia says it has struck deals to reduce trade barriers with five provinces. Premier Tim Houston introduced the Free Trade and Mobility within Canada Act in February to help create mutual recognition of goods, services and labour mobility between Nova Scotia and other parts of the country. The act allows the province to remove barriers to trade and investment with others that will do the same for Nova Scotia. A news release Wednesday said Ontario, Alberta, British Columbia, Manitoba and Prince Edward Island have all taken steps to improve trade and investment opportunities between provinces. The federal government is expected to do the same. Prime Minister Mark Carney has promised federal legislation targeting barriers under Ottawa's jurisdiction by Canada Day, which could target anything from energy efficiency standards to environmental and regulatory assessments on major projects. The release said the barriers being removed by Nova Scotia focus on three key areas: Ending Canadian Free Trade Agreement exemptions that limit interprovincial trade with Nova Scotia. Allowing goods or services that are legally sold, used or provided in another province to automatically be able to be sold, used and provided in Nova Scotia without having to meet Nova Scotia's labelling, packaging, certification or inspection requirements. Removing labour mobility barriers by requiring regulators to process equivalent licences within 10 business days and restricting application requirements to evidence of good standing and liability insurance. Nova Scotia's removal of trade barriers with Alberta and P.E.I. comes into effect immediately, while barriers with the other provinces and federal government will be removed upon proclamation of their equivalent legislation. In 2023, the value of Nova Scotia's interprovincial exports was nearly $29 billion. Interprovincial exports make up about half of Nova Scotia's total exports and contribute about 17 per cent of Nova Scotia's gross domestic product. More than $530 billion worth of goods and services moves across provincial and territorial borders every year — equal to 20 per cent of Canada's GDP.
