The report states that if Canada removes domestic trade barriers, its actual GDP could increase by nearly 7%.

△International Monetary Fund (photo)

On the 27th, a report released by the International Monetary Fund stated that if Canada completely eliminates internal trade barriers between its 13 provinces and regions, in the long term, the country's real GDP could increase by nearly 7%, equivalent to a value of 21 billion Canadian dollars.

The report estimates that the current domestic barriers in Canada are equivalent to an average of 9% tariff. In certain service industries, domestic trade barriers can be equivalent to tariffs higher than 40%. The report states that in the context of global economic growth facing pressure and productivity constraints becoming increasingly severe, Canada should integrate its domestic market to achieve faster growth by unleashing its own market potential.

Previously, under the threat of U.S. tariffs, the Canadian government implemented measures to eliminate some inter-provincial trade barriers.

Recently, Canadian Prime Minister Trudeau stated that Canada is committed to strengthening domestic construction, enhancing economic resilience, promoting trade diversification, to reduce dependence on the United States.

Source: CCTV News Client

Original: toutiao.com/article/7600198258111037988/

Statement: This article represents the views of the author himself.