Open Atlantic - How Breaking Down Trade Barriers Could Supercharge Atlantic Canada’s Economy

Newfoundland and Labrador, meanwhile, was the only Atlantic province among the four jurisdictions that actually reduced the number of CFTA exceptions between 2021 and 2023.15 Provinces can also work in regional blocs, as the western provinces are doing with the New West Partnership Trade Agreement, signed in 2016. [...] It will just amplify the effect and show the rest of the country the benefits.” PUBLIC POLICY FORUM 9 OPEN ATLANTIC The social cohesion so evident in the Atlantic Bubble, where the provin. [...] Analysis by Trevor Tombe and Jennifer Winter at the University of Calgary showed that a mere 10 percent reduc- tion in the cost of trade among the three Maritime provinces (Newfoundland and Labrador was not included in the study) The social would increase real incomes 0.44 percent (Nova Scotia) to cohesion so 1.8 percent (P. [...] I.).16 the Atlantic Bubble, where the provinces The Atlantic Growth Strategy that was launched in 2016 and co-operated renewed this summer by the Council of Atlantic Premiers has on health made reducing trade barriers a primary focus, citing labour and travel mobility and credential recognition as key areas. [...] Some are still to be fully implemented, and there’s work to be done to make sure all requirements stay in sync with a national harmonization effort, but it’s fair to say the Atlantic provinces are further advanced than the rest of the country and have a bigger voice on the national program than they would otherwise by virtue of coming together.