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Published On: Wednesday, 12 April 2017

Canadian Chamber Touts New Free Trade Agreement

Canadian Chamber Touts New Free Trade Agreement

- The Canadian Chamber of Commerce helps shape public policy and decision-making to the benefit of businesses, communities and families across Canada with a network of over 450 chambers of commerce and boards of trade, representing 200,000 businesses.

CANADA - The Canadian Chamber of Commerce strongly applauds the new Canadian Free Trade Agreement (CFTA) announced by Canada’s federal and provincial governments.

The CFTA, which will come into force on July 1, 2017, will allow for freer trade within Canada and start a process of eliminating regulatory barriers between provinces and territories. This has been a long-standing demand of the Canadian Chamber, outlined most recently in its Ten Ways to Build a Canada that Wins 2017.

“The new Canada Free Trade Agreement is a huge win for business. Eliminating interprovincial barriers to trade has long been a priority of the Canadian Chamber,” says the Hon. Perrin Beatty, the Chamber's President and CEO. “As Canada pushes back against growing protectionist sentiment around the world it is crucial that we get our own house in order and the CFTA puts us on a path to do that.”

The agreement points to significant changes in the way the provinces work with each other on interprovincial trade, which are sure to benefit business, consumers and governments across the country. The CFTA will move interprovincial trade to a ‘negative list’ approach, where only exclusions are listed. All other goods and services will be automatically included.

“The success of the CFTA depends on the new regulatory reconciliation and cooperation process in the agreement," says Mr. Beatty. "Most of the trade barriers between provinces are regulatory in nature and this agreement is a promise to start aligning these regulatory differences. We strongly encourage all provinces to work closely with business and move aggressively to start eliminating these unnecessary and prohibitive barriers to internal trade.”