Internal Trade Minister Anita Anand announced the removal of more than half of the remaining internal trade barriers in Canada, specifically targeting exceptions under the Canada Free Trade Agreement (CFTA). This move, prompted by U.S. trade pressures, aims to enhance Canada's domestic trade, potentially lowering prices and boosting productivity significantly. Anand highlighted this moment as pivotal for the Canadian economy and mentioned ongoing efforts to address trade barriers in procurement and financial services, following recent efforts to eliminate 17 exceptions announced in July.
Anand has emphasized that the swift removal of internal trade barriers is a strategic response to U.S. pressure, aiming to bolster domestic trade and productivity.
The removal of more than half of the remaining CFTA exceptions could significantly lower prices, enhance productivity, and substantially contribute to Canada's economy.
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