Canada will be the last of the three countries to ratify the North
America Free Trade Agreement.
Mexico and the U.S. have approved the deal, with the
President of the US signing Wednesday, after having passed the Congress a
couple of weeks ago.
Canada has just introduced the Agreement to Parliament. We are not
known for being ‘quick off the mark, are we?
On a number of occasions, I have highlighted Canada’s poor
performance compared to other countries on ease of doing business. I have used
the World Bank Study that showed for last year Canada coming in a dismal 23. In two areas in particular we
did really bad; 124th for the time it takes to get an electrical
permit, and 64th in the time it takes to get a construction permit.
Now comes another study from the CEO World Magazine (Best
Countries to Invest in Or Do Business) that shows Canada coming 34th
out of 67 countries studied.
Malaysia was in top spot followed by Poland and the Philippines.
Here is how the study was conducted:
‘The rankings were based on 11 different factors including
corruption, freedom (personal, trade, and monetary), workforce, investor
protection, infrastructure, taxes, quality of life, red tape, and technological
readiness. Each category was equally weighted.’
Here are some other countries that are ahead of us according to
this study: Thailand, Uruguay, Chile, Bulgaria, Slovenia and Vietnam.
Of course, almost all the western European countries are ahead of
Canada --- and not surprisingly the two other members of the North American
Free Trade Agreement, Mexico and the USA, are also ahead of us.
In 1972, Brian Peckford was first
elected, as a Progressive Conservative, to the Newfoundland Labrador House of
Assembly -- he became Premier at the age of 36, holding the leadership of his
party and government for ten years (1979 to 1989).
Since leaving politics, early in
1989, Peckford has conducted public inquires for the governments of British
Columbia and Canada, has served on numerous Boards including the CBC, and has
been active in public affairs.
In 1993 he and his wife Carol
moved across country to British Columbia, and now live in Parksville, on
Vancouver Island.
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