Canada should consider a customs union with U.S. to gain greater access to the larger market: C.D. Howe Institute study.For release at 10 a.m. Toronto, June 24, 2003--Canada should examine a customs union--or some elements of one--with the U.S. as part of a larger package of initiatives to help eliminate trade disputes and enhance Canada's access to the larger market, says a C.D. Howe Institute report released today. A Canada-U.S. customs union customs union Trade agreement by which a group of countries charges a common set of tariffs to the rest of the world while allowing free trade among themselves. It is a partial form of economic integration, intermediate between free-trade zones, which allow mutual free trade would establish common trade barriers against imports from the rest of the world, abolishing those trade barriers within the common area. In a Commentary entitled "The Road to a Canada-U.S. Customs Union: Step-by-Step or in a Single Bound?" Institute Policy Analyst Danielle Goldfarb examines the feasibility and desirability of a full customs union and various versions of one. Says Goldfarb: "Achieving a Canada-U.S. tariff against the rest of the world's imports will be a challenge, but many benefits can be had even if we exclude more difficult sectors." She adds that the two countries 'could even eliminate complex border paperwork in those sectors where tariff rates are already similar, without actually having to harmonize those rates". Goldfarb says that a Canada-U.S. customs union would enable Canadian producers to operate in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market with fewer frictions, lower costs and greater predictability, and consumers would benefit from lower prices and more choice. This is the tenth in the C.D. Howe Institute's Border Papers. The Border Papers "The Border Papers" is a special C.D. Howe Institute Commentary series examining specific policy challenges Canada faces as it moves toward deeper Western Hemispheric integration, beginning with the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The first paper in the series was "Shaping the Future of the North American Economic Space: A Framework for Action," by Wendy Dobson. The second paper looked at Canada-U.S. defense issues, while a third examined North American currency issues. A fourth study examined dispute resolution in the NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's , the fifth looked at Mexico and North American integration, and the sixth, immigration policies in the United States and Canada. The seventh, examined U.S. border-security concerns and the threat to Canadian exports, while the eighth looked at the need for Canada to make its relations with the United States the centerpiece of its foreign policy and the ninth provided an overview of the deepening energy ties between the two countries. This paper examines the various forms of a Canada-U.S. customs union. The series will conclude with a capstone paper. Each will outline available options and offer policy recommendations. A central concern of the series is to answer the question, should deepening integration be managed incrementally or would a Big Idea better advance Canada's strategic interests? The Donner Canadian Foundation has generously provided financial support for the series. An independent Advisory Group provides guidance on the overall direction of The Border Papers. However, as with all C.D. Howe Institute publications, the opinions expressed in the series are those of the authors and do not necessarily represent the views of the Advisory Group, whose members include: Wendy Dobson (Chair) University of Toronto Research at the University of Toronto has been responsible for the world's first electronic heart pacemaker, artificial larynx, single-lung transplant, nerve transplant, artificial pancreas, chemical laser, G-suit, the first practical electron microscope, the first cloning of T-cells, The Hon. Peter Lougheed Bennett Jones Bennett Jones LLP is a large Canadian law firm based in Calgary with branches in Edmonton and Toronto. It has a total of more than 320 lawyers and 450 staff, including a number of former politicians. External links
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Carleton University Gary C. Hufbauer Institute for International Economics The C.D. Howe Institute is Canada's leading independent, nonpartisan, nonprofit economic policy research institution. Its individual and corporate members are drawn from business, labour, agriculture, universities and the professions. For further information contact: Marie Hubbs (media relations), C.D. Howe Institute phone (416) 865-1904; fax (416) 865-1866; e-mail: cdhowe@cdhowe.org; Internet: www.cdhowe.org |
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