Provincial, territorial governments sign deal to knock down trade barriers
Global News
British Columbia's minister of jobs and economic growth announced the deal in Victoria, although it was signed by trade ministers at a meeting in Yellowknife on Wednesday.
Trade of tens of thousands of goods across Canada’s 14 jurisdictions will soon be free after an agreement has been signed between all provinces, territories and the federal government to allow businesses to sell their products across Canada.
Ravi Kahlon, British Columbia’s minister of jobs and economic growth, announced the deal in Victoria, although it was signed by the country’s trade ministers at a meeting in Yellowknife on Wednesday.
The B.C. government proposed and chaired the national initiative for the Canadian Mutual Recognition Agreement, and Kahlon said it’s an important step for cross-Canada trade.
“And this is the largest red tape reduction in Canada’s history, and it’s just the beginning,” he told reporters.
The agreement will take effect next month and applies to most products, although it excludes food, beverages, tobacco, plants and animals.
Kahlon said B.C. is also advocating for an expansion under the agreement to include food and services.
Global inflation, and instability and chaos coming from the Trump administration have provided Canadians with new urgency to tackle interprovincial the trade barriers, the minister said.
For consumers, Kahlon said it will mean more choices, competitive pricing and the same, trusted standards across the country.
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