The new thresholds for trade agreements for 2020 are: the solution of regulatory barriers governments have agreed to put in place a regulatory reconciliation process to eliminate regulatory differences between legal systems that act as an obstacle to trade. Together with the framework country, the framework country is also establishing a mechanism to promote regulatory cooperation that will allow governments to develop common regulatory approaches for emerging sectors. By removing trade barriers, the CFTA also promotes productivity and encourages investment in Canadian communities. The Organization for Economic Co-operation and Development has indicated that Canada could increase productivity by reducing non-tariff barriers by strengthening EEA coverage and reconciling regulatory barriers. In addition, the International Monetary Fund indicated that reducing inter-provincial trade barriers in Canada would help create the appropriate conditions for expanding domestic business investment and attracting foreign direct investment. In December 2014, the federal, regional and territorial governments began negotiations to strengthen and modernize the Internal Trade Agreement (TIA). They were led by the premiers and the federal government to reach an ambitious, balanced and fair agreement that smoothes the competitive conditions for trade and investment in Canada. The governments of Alberta and Manitoba announced in 2019 that they would cancel all remaining purchase exemptions under the Canada Free Trade Agreement (CFTA). This is a continuation of Alberta`s lifting of trade exemptions (as noted in Alberta, CFTA exemptions to increase competition) and the removal of Manitoba`s only supply exemption (preference for Manitoba businesses in representative purchases).
Improved and modernized trade rules CfTA is making significant progress in Canada`s internal trade framework, improving the flow of goods and services, investment and labour mobility, removing technical barriers to trade, significantly expanding purchase coverage and fostering regulatory cooperation within Canada. Promoting stronger domestic trade in the future CFTA is creating several forward-looking processes and working groups to strengthen Canada`s economic union in the future. For example:  Alberta will always be able to face legal and commercial challenges against other parties that violate the Constitution or the CFTA. Economic Impact GASTA is committed to promoting domestic trade, one of the main drivers of economic growth. Domestic trade accounts for about one-fifth of Canada`s annual GDP, or about $385 billion per year. Considering that removing or removing barriers to the free movement of people, goods, services and investment is essential to promote an open, efficient and stable internal market to improve the competitiveness of Canadian businesses and promote sustainable and environmentally friendly development; On January 15, 2020, the Secretariat of Internal Trade issued a press release in which it was stated that the federal, regional and territorial governments had committed to reviewing their own partisan exceptions and had signed the first amendment protocol (the “Protocol”) on December 10, 2019. The protocol only allows the parties to unilaterally lift trade exemptions. Amendments, including narrowing of exceptions, become final only if there is no opposition from all parties. In addition, no amendments can extend exemptions for existing or future measures. As readers of our shopping bulletins will see, there is some irony in the federal government`s implementation of a protocol to prevent parties from restricting the application of trade agreements, in light of changes to the Investigative Regulations of the International Trade Tribunal of Canada that were quietly adopted in 2019. , without public consultation.