Provinces remove interprovincial trade barriers B.C. led initiative

Canadian provinces have formed the Canadian Mutual Recognition Agreement (CMRA) to eliminate interprovincial trade barriers, with implementation set for December. This agreement seeks to harmonize regulations for various products, including health technologies and vehicles, potentially increasing Canada's GDP by over 7%, according to a B. C. government analysis. B.

C. 's Jobs and Economic Growth Minister, Ravi Kahlon, aims to extend the agreement to financial services and other sectors to facilitate trade. The CMRA is part of B. C. 's "Look West" strategy, launched to attract private investment and streamline nation-building projects.

Bridgitte Anderson, president of the Greater Vancouver Board of Trade, stated that mutual recognition will create a unified market with efficient rules for goods. The initiative also addresses U. S. tariffs, promoting an economy less dependent on the United States. Additionally, the provinces have signed memorandums to enhance labor mobility across Canada.

B. C. Premier David emphasized the importance of building a resilient economy that benefits all Canadians.