Ottawa, June 14, 2016—The Canadian Chamber of Commerce welcomes the conclusions of a new report released by the Standing Senate Committee on Banking, Trade and Commerce, which reveals that internal trade barriers account for a loss of potential revenue in the Canadian economy ranging from $50 billion to $130 billion annually. Tear Down These Walls: Dismantling Canada’s Internal Trade Barriers echoes one of the Canadian Chamber of Commerce’s Top 10 Barriers to Competitiveness 2016.
“With new trade agreements, it could soon be easier for Canadian businesses to sell to France or Korea than to trade between Manitoba and Ontario. Canada already has to compete against other players on a global stage. We don’t need to be competing amongst ourselves as well. Internal barriers to trade are holding us back and costing our economy staggering amounts of money,” said the Hon. Perrin Beatty, President and CEO of the Canadian Chamber of Commerce. “We add our voice to the Standing Senate Committee to ask for immediate changes, starting with collaboration on transportation of our resources to market, including a standardization of trucking rules across the country,” he said.
The Canadian Chamber of Commerce is particularly supportive of one of the report’s recommendations, supporting the creation of a “national corridor” that would allow the transportation of goods and services to tidewater through pipelines, railways, fibre optic cables, transmission lines and any other appropriate means. The Canadian Chamber looks forward to continuing to work with the Senate to implement this, and the other recommendations from the report.
“We are very proud of this report. Canadians should be able to live, practise their profession or trade, purchase goods and services without penalty anywhere in this great country. The Canadian Chamber of Commerce is doing great work in helping break down trade barriers, and we look forward to seeing a Canada where goods and services move freely across borders,” said Senator David Tkachuk, Chair of the Senate Committee on Banking, Trade and Commerce.
“This is an issue of utmost importance to our members, and we congratulate Senator Tkachuk and the Senate Committee on Banking, Trade and Commerce for their important work,” said Mr. Beatty.
Read Tear Down These Walls: Dismantling Canada’s Internal Trade Barriers.
Read the Top 10 Barriers to Competitiveness 2016.
The Canadian Chamber of Commerce is the vital connection between business and the federal government. It helps shape public policy and decision-making to the benefit of businesses, communities and families across Canada with a network of over 450 chambers of commerce and boards of trade, representing 200,000 businesses of all sizes in all sectors of the economy and in all regions. Follow us on Twitter @CdnChamberofCom.
G. Will Dubreuil
Director, Public Affairs and Media Relations
The Canadian Chamber of Commerce