The Comprehensive Economic and Trade Agreement between Canada and the European Union (CETA) (PDF, 1.45 MB) came into force provisionally on September 21, 2017. This is Canada`s first bilateral trade agreement with a separate chapter on regulatory cooperation. The chapter defines the Regulatory Cooperation Forum (CWN) to facilitate and promote regulatory cooperation between Canada and the European Union (EU). To do this, the CFL will consider a wide range of regulatory measures to improve regulatory planning, promote transparency and increase the effectiveness of rules by working to reduce duplication and misdirection. These efforts will help reduce trade barriers, make it easier for Canadians in the EU and improve the choice of Canadian consumers. June 9, 2020 – The Canada Free Trade Agreement (CFTA) Table on the Settlement of Reconciliation and Cooperation (RCT) continues its work to improve the regulatory environment in Canada. Based on information provided by stakeholders or other sources, a potential barrier to internal trade is identified by a federal state, territory or government. A diverging or duplicate regulation that impedes the flow of goods is an example of the type of barrier that the process wants to address. As soon as obstacles to reconciliation are presented, participating CFTA governments and their relevant regulators will begin negotiations for a reconciliation agreement. The reconciliation agreement explains how the trade barrier is dealt with (for example. (b) mutual recognition, harmonization or any other method), the governments that will participate in the reconciliation agreement and the airtime needed to implement it.
Governments may opt out of negotiations if they do not have an existing measure to reconcile or find that reconciliation is not a desirable option for their jurisdiction. Once an obstacle to trade has been identified, a government (federal, provincial or territorial) can put the issue on the table for the vote on reconciliation and cooperation within the regulatory authorities (RCT). The RCT is a federal-provincial territory created by the CFTA to oversee the regulatory reconciliation process and promote regulatory cooperation across Canada. «The table on voting and cooperation within regulators continues to advance work on removing regulatory barriers in Canada, and the 2019 Annual Report outlines some of the RCT`s achievements over the past year. Removing regulatory barriers is one way to ensure that our economy continues to grow and prosper for all Canadians. Newfoundland and Labrador as President 2020 are pleased to release the RCT`s 2019 Annual Report. This first annual report focuses on the achievements of the RCT and outlines some of the challenges of managing reconciliation and regulatory cooperation in Canada. This annual report demonstrates the RCT`s efforts to provide stakeholders with greater transparency in this work.
Canada`s Free Trade Agreement (CFTA) came into force on July 1, 2017 and replaced the Internal Trade Agreement. CFTA is establishing the Regulatory Reconciliation and Cooperation Table (RCT), a federal-provincial territorial agency that oversees the regulatory reconciliation process to harmonize regulatory frameworks between all provinces/territories and the federal government to reduce barriers to trade, investment and worker mobility within Canada. It also encourages cooperation in the development of future rules to avoid regulatory disparities, facilitate innovation and growth in emerging industries, and streamline licensing procedures to minimize the administrative burden on Canadian businesses. Canada`s Free Trade Agreement (CFTA) establishes a regulatory reconciliation process that will help remove trade barriers that businesses may face in operations across provincial and territorial borders.