DETROIT, MICHIGAN – Treasury Board of Canada Secretariat
The Honorable Scott Brison, President of the Treasury Board, welcomed the benefits of Canada-US regulatory cooperation today in a keynote address at the Great Lakes Economic Forum in Detroit, Michigan. Minister Brison highlighted the importance of regulatory cooperation in creating jobs and wealth and promoting economic competitiveness, as well as maintaining and improving health, safety and security standards. Environmental protection on both sides of the border.
Regulatory cooperation leads to efficiencies across jurisdictions and reduces regulatory burdens, simplifying trade flows to Canadian and US consumers and businesses. It includes initiatives such as joint product reviews, joint inspections, mutual recognition programs and the elimination of overlapping regulatory processes.
Minister Brison mentioned a recent accomplishment in this area: as part of a Health Canada pilot project, some sunscreens manufactured in the United States can be marketed in Canada without being quarantined and re-analyzed at the border . This could allow the consumer healthcare industry to save C $ 100,000 a year by sunscreen, possibly millions of dollars per company, and give Canadian consumers access to a wider variety of Products at lower prices, just in time for the summer.
Minister Brison also spoke of a pilot project on joint inspection of vessels in the Great Lakes. He further noted that any tightening of borders – whether in the form of protectionism or border taxes – could cause economic turmoil, which contributes to the creation of millions of dollars, American and Canadian jobs, to the great advantage of both countries.
Canada and the United States have a formal regulatory relationship since 2011 through the Canada-United States Regulatory Cooperation Council. The Council promotes a practical operational level approach to regulatory cooperation to better harmonize independent regulatory systems. Such cooperation will reduce the regulatory burden on businesses, lower retail prices for consumers and create good jobs for Canadians and Americans.
“Our two countries have much in common, thanks to a partnership based on common history, geography and values. Regulatory cooperation reduces the burden on businesses – in particular by facilitating the safe and efficient transportation of goods across the border – and we know that anything that tightens the border, Not tariffs, taxes or regulations that are not harmonized, is not good for businesses or consumers in both Canada and the United States. “
“Our governments must continue to work together to reduce the burden of business regulation, help consumers and create good jobs for middle-class Canadians and Americans. “
The Honorable Scott Brison, President of the Treasury Board
Facts at a Glance
In 2016, the total value of bilateral trade amounted to US $ 635 billion (CDN $ 841.1 billion), representing nearly US $ 2 billion (C $ 2.3 billion) worth of goods and Of services crossing the border each day (or US $ 1.2 million every minute).
Canada is the largest customer in the United States. In 2016, we purchased more goods and services (US $ 322 billion / US $ 426 billion) from the United States than China, Japan, Mexico and the United Kingdom. Millions of good middle-class jobs on both sides of the border depend on this partnership. In the United States alone, almost nine million jobs are linked to Canadian trade and investment.
The Regulatory Cooperation Council consists of 16 Canadian and US government departments with mandates for health, safety and environmental protection that focus on the production, manufacture and the steps.
Source: Treasury Board of Canada Secretariat