Canada could boost its economy by $200 billion a year if it removes internal trade barriers and considers adopting mutual recognition policies, says a recent study by think tank Macdonald-Laurier Institute (MLI).
Published on Sept. 20, the report, titled “Liberalizing Internal Trade Through Mutual Recognition: A Legal and Economic Analysis,” argues that Canada’s economy has been losing billions of dollars of productivity every year due to a “web of rules, regulations, and restrictions between provinces.”
“A web of regulations makes it more difficult for businesses to operate across provincial lines, increasing delays and administrative costs which meaningfully effect productivity,” the MLI said in a news release….