Canada's Ambitious Trade Plan
Canada needs more collaboration and less red tape to succeed in its ambitious trade plan, which aims to double non-United States trade within 10 years, generating an additional $300 billion.
Governments require the courage to change regulations and assume more risk.
According to Prime Minister Mark Carney, the new budget will provide a clear goal for the country. Canada has products to sell, especially in commodity-heavy Western Canada, and there are clear signals from Europe and Indo-Pacific countries that they want to do more business with Canada.
To achieve this goal, Canada will need to overcome regulatory hurdles and take more risks.
- Double non-United States trade within 10 years
- Generate an additional $300 billion
Author's summary: Canada needs collaboration and regulatory change to succeed in trade.