Internal Trade in Canada: Case for Liberalization
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Summary:
This paper assesses the costs of internal trade barriers and proposes policies to improve internal trade. Estimates suggest that complete liberalization of internal trade in goods can increase GDP per capita by about 4 percent and reallocate employment towards provinces that experience large productivity gains from trade. The positive impact highlights the need for federal, provincial and territorial governments to work together to reduce internal trade barriers. There is significant scope to build on the new Canadian Free Trade Agreement to more explicitly identify key trade restrictions, resolve differences, and agree on cooperative solutions.
Series:
Working Paper No. 2019/158
Subject:
Employment International trade Labor Trade agreements Trade balance Trade barriers Trade liberalization
English
Publication Date:
July 22, 2019
ISBN/ISSN:
9781498326650/1018-5941
Stock No:
WPIEA2019158
Pages:
38
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