TILMA and The NEW WEST PARTNERSHIP

British Columbia - Alberta - Saskatchewan

 

Did you know that TILMA (Trade, Investment and Labour Mobility Agreement) has changed?


For business in Western Canada, this is good news - "TILMA as we knew it, is now called ""The New West Partnership".


"The New West Partnership" includes Saskatchewan....this is believed to make the combined provinces of BC, Alberta and Saskatechwan, the largest trading partner in Canada.


"... Effective July 1, 2010 the TILMA (Trade, Investment and Labour Mobility Agreement) has been expanded to become the New West Partnership Trade Agreement (NWPTA) between British Columbia, Alberta and Saskatchewan. .."


READ MORE http://www.newwestpartnershiptrade.ca/


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(For the TILMA details 2007, from the Government website,, read below)


..."TILMA is the Trade, Investment, and Labour Mobility Agreement between British Columbia and Alberta, Canada. The agreement was signed on 28 April 2006, and provides a virtual economic union between the two provinces. It came into effect 1 April 2007. Other provinces are considering joining this agreement as well.
British Columbia and Alberta businesses and workers will enjoy new market access. This innovative agreement gives businesses and workers in both provinces seamless access to a larger range of opportunities across all sectors including energy, transportation, labour mobility, business registration, and government procurement.

Under TILMA, the governments of Alberta and British Columbia will be:
streamlining business registration and reporting requirements
eliminating residency requirements
removing duplicate requirements for vehicle registration and permits for transporting goods
making it easier for workers to have their qualifications recognized
lowering the thresholds for non-discrimination in government procurement
enacting strict, enforceable subsidy rules


Articles:

http://www.servicealberta.ca/718.cfm

http://www.servicealberta.ca/1535.cfm

According to a recent report by the Conference Board of Canada, lowering non-tariff trade barriers could narrow the Canada-U.S. productivity gap, and make Canada more competitive. According to the Board, the B.C. and Alberta agreement has the potential to add $4.8 billion to real GDP and create 78,000 new jobs in B.C. alone.

National and international experts on such agreements note that the TILMA will be good for the economy of British Columbia and Alberta.Groups expressing support for the Agreement include the Chamber of Commerce, the Canada West Foundation, the Council of British Columbia, and the Board of Canada.


Both the governments of Albert and British Columbia are consulting with credentialing bodies, municipalities and other stakeholders during the two-year transition period from April 1, 2007 - April 1, 2009 when the Agreement comes into full implementation."...

 

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