There are many policies that would strengthen our economy and serve as concessions to the new U.S. administration to get additional benefits
Former U.S. president Donald Trump, left, and Canadian Prime Minister Justin Trudeau arrive for a round table meeting during a NATO leaders meeting at The Grove hotel and resort in Watford, Hertfordshire, England, on Dec. 4, 2019.Claude Lavoie is a contributing columnist for The Globe and Mail. He was director-general of economic studies and policy analysis at the Department of Finance from 2008 to 2023.
The first obvious one is phasing out our supply-management system, which has been a constant irritant for the U.S. and would likely be raised during upcoming trade talks. Phasing out supply management would be a win-win because it’s an irritant in Canada, too. Because of this system, Canadians pay significantly more for milk .
Another policy we could offer as a concession to the U.S. during negotiations is to reduce our barriers to foreign direct investment, which are some of thecountries. For example, in the transportation and telecommunication sectors, we hang tight to rules restricting foreign ownership and limiting the operation of foreign companies.
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