Border Deal Could Save Businesses $30 Billion a Year

Clearing up restrictions that clog the Canada-U.S. border could save businesses in both countries as much as $30 billion a year, according to Canada’s minister of international trade.

That’s the key to the first phase of a Canada-U.S. perimeter security deal now being negotiated, Ed Fast said during an appearance on CTV’s Question Period Sunday morning.

“We would like to see something passed quickly,” Fast said. “The cost to Canadians and Americans alike of current barriers across our border are estimated at $15-to-30-billion a year.”

Speaking from Vancouver, the minister said he couldn’t discuss negotiations until an announcement is made but admitted, “We’ve made excellent progress.”

Easing trade restrictions was one element of the so-called Beyond the Border action plan that was announced eight months ago but Fast said negotiators have “narrowed the scope” of the talks from a wide-ranging border security agreement.

When asked about recent “Buy America” rumblings from U.S. politicians, Fast suggested the posturing was being done for political reasons.

“The Buy America provisions are bad trade policy,” he said. “Bad for Canada, bad for the United States because of how integrated out economies are.”

He pointed out that $650 billion in trade crosses the border annually, which breaks down to $1.8 billion a day.

Read more: Source CTV

About the Author

Karl Gotthardt - Politisite Managing Editor Maj. Gotthardt is a Retired Military Officer with 35 years service in the Canadian Armed Forces. He spent most of his time in the Military in Infantry Battalions. Karl took part in training for Afghanistan as an Operator Analyst with the Canadian Maneouvre Training Centre. Karl is a qualified military parachutist and military free fall parachutist. He earned his U.S. Master Jump Wings in Fort Benning, Georgia. Karl enjoys working with horses for the last 24 year. He owns six. He has experience in breeding, training and of course riding.Karl was born in Germany and is fluent in both English and German and he speaks enough French to "get in trouble". Karl has written or writes at NowPublic, All Voices, Tek Journalism and many others.

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