Agreement on Internal Trade in Alberta: What You Need to Know
The Agreement on Internal Trade (AIT) is a legal framework that regulates trade between provinces and territories within Canada. The agreement aims to reduce barriers to the movement of goods, services, and labour between different regions of the country. In this article, we will focus on the impact of the AIT in Alberta.
Alberta has been a signatory to the AIT since its inception in 1995. The province is home to one of the largest economies in Canada, and its geographical location makes it a key player in interprovincial trade. As a result, the AIT has had a significant impact on Alberta`s economy and trade relationships.
The AIT has helped Alberta-based businesses to expand their markets and increase their customer base. The agreement has made it easier for companies to trade across provincial borders by eliminating or reducing trade barriers. For instance, the AIT ensures that businesses can access government procurement opportunities in other provinces and territories on the same basis as local businesses. This provision has been particularly important for Alberta-based companies that offer goods and services to the public sector.
The AIT has also benefited consumers in Alberta by promoting competition and reducing prices. The agreement has encouraged the removal of non-tariff barriers to trade, such as different standards and regulations across provinces. This has increased access to a wider range of products and services for consumers and helped to keep prices competitive.
The AIT has also played an important role in facilitating labour mobility between provinces. Workers in Alberta can now move to other provinces and territories without having to worry about facing restrictions on their professions or trades. The agreement has also facilitated the recognition of qualifications and credentials across jurisdictions, making it easier for workers to find employment in their field of expertise.
Despite the benefits of the AIT, the agreement has faced criticism from some quarters. One issue that has been raised is that the AIT is too weak and lacks enforcement mechanisms. Critics argue that the agreement needs to be strengthened to ensure that all provinces and territories comply with its provisions.
In conclusion, the Agreement on Internal Trade has had a significant impact on Alberta`s economy and trade relationships. The agreement has provided businesses with new opportunities to expand their markets, and consumers with greater access to a wider range of products and services. Alberta-based workers have also benefited from the agreement, with increased labour mobility and recognition of professional qualifications. While the AIT may not be perfect, it has contributed to the growth and prosperity of Alberta and the wider Canadian economy.