Canada's federal and provincial leaders are advocating for the removal of interprovincial trade barriers to prevent a potential trade war with the U.S. Prime Minister Justin Trudeau highlighted the consensus to enhance internal trade during a virtual meeting with premiers. Internal Trade Minister Anita Anand emphasized that eliminating these barriers could lead to a lower cost of living, increased productivity, and significant economic gains. Experts outline that current barriers fall into several categories, including natural, prohibitive, technical, and regulatory. Many Canadians remain unaware of these obstacles and their implications on commerce and job mobility across provinces.
According to a 2019 report from the International Monetary Fund, there are four categories of trade barriers in Canada: natural barriers, prohibitive barriers, technical barriers, and regulatory barriers.
Internal Trade Minister Anita Anand said removing existing barriers could lower prices by up to 15 percent, boost productivity by up to seven percent, and add up to $200 billion to the domestic economy.
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