Big surprise from the WTO.
Date: Saturday, March 24 2007
It seems that a report done by the WTO doesn't really like the way Canada does trade and protects it's industries.
Tsk tsk tsk, aren't we just so bad and vile?
Quite frankly, in my opinion, the WTO's report isn't even worth the effort required to use it as toilet paper.
WTO report asks Canada to further lower trade barriers
Eric Beauchesne, CanWest News Service
Published: Friday, March 23, 2007
OTTAWA — Canada maintains significant trade and foreign-investment barriers that cost Canadian consumers and hurt the economy, the World Trade Organization says in a report released Friday.
“The outward-looking orientation of Canada’s trade regime has facilitated the economy’s successful adjustment to a number of external shocks, and helps explain Canada’s good economic performance during the last four years,” said the organization’s latest review of Canada’s trade policies and practices.
“However, productivity growth has been relatively slow, significant trade barriers still protect certain agricultural activities and foreign-investment restrictions remain in areas such as telecommunications, audiovisual and air and maritime transport,” it said. “Reform in these sectors could lower costs to Canadian taxpayers and consumers while increasing productivity and competition in the domestic market.”
Noting that trade and foreign investment are particularly important for Canada, which is the world’s fifth-largest goods-trading nation, the report urged the Canadian government to address those “remaining policy-induced distortions” to help ensure that Canadians continue to enjoy one of the highest living standards in the world.
[Proofreader's note: this article was edited for spelling and typos on March 26, 2007]