Friday, 07 April 2017 10:09

New Canadian Free Trade Agreement

 454 CFTA

 

The Government of Canada today released the text of the new trade agreement, which takes effect on July 1st, Canada's 150th anniversary.  The Canadian Free Trade Agreement (CFTA) is the result of a strong, collaborative effort among the Government of Canada, the provinces and the territories and is intended to create more jobs, business opportunities and choices for Canadian by establishing greater harmonization of rules and regulations.  A new Regulatory Reconciliation and Cooperation Table will also address the regualtory barriers to trade across Canada and examples of these include differences in trucking rules, certification regulations for food and standards for construction industry.  The agreement will also help Canadian businesses be more competitive and will align with Canada's international trade agreements, such as the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) where it was stated that the intent is to ensure that EU companies do not have greater access to opportunities than Canadians.

Read 270 times Last modified on Friday, 07 April 2017 11:07
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