Small Business Concerned About NAFTA – Survey
Prince George, B.C. – Negotiations get underway to revamp the North American Free Trade Agreement, some small businesses are concerned about what may happen.
A survey by the Canadian Federation of Independent Business shows 28% of those surveyed who trade with the U.S. and/or Mexico, say the regnegotiation of NAFTA will alter their export and import plans.
“There is a real concern, among our membership, that any changes to NAFTA could have significant effects on their ability to sell goods and services abroad, on their cost of importing goods, and on their ability to pass savings on to consumers” says CFIB’s senior vice president of National Affairs, Corinne Pohlmann.
The CFIB says small and medium sized businesses in Canada have a major stake in the talks, as their data indicates more than 90% of the businesses in Canada that export, are considered small business.
The CFIB has mad a number of recommendations to Canada’s negotiators, including:
- working to improve the movement of trucks across the border
- ensure the free flow of labour continues and is improved
- simplify rules towards reducing the red tape
- the current range of goods considered duty free remain or be expanded.