Trade organization denounces government economic policies

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Another business organization is concerned about what the Yukon Party calls the economic management failure of the territorial government.

By Whitehorse Star on July 7, 2022

Another business organization is concerned about what the Yukon Party calls the economic management failure of the territorial government.

On June 30, the Canadian Federation of Independent Business (CFIB) released its first annual newsletter on economic policies related to internal trade and interprovincial cooperation.

The report gives the territory’s Liberal government an overall rating of 3.8 out of 10 and an overall rating of F.

“In the wake of the pandemic, the private sector must be at the forefront of our economic recovery, and government must take action to create an environment where free enterprise can thrive,” said spokesperson Geraldine Van Bibber. of the Official Opposition on economic development. Tuesday.

“Instead, we see trade organizations like CFIB criticizing the lack of action and giving the Territorial Liberals a failing grade.

The report card ranks governments in three areas: exceptions to the Canadian Free Trade Agreement, certain barriers to internal trade, and the implementation of reconciliation agreements.

This report follows a letter from the Yukon Chamber of Commerce to government earlier this year that described how small and medium-sized businesses are in crisis and that “the actions, policies and proposals of the Yukon government… are crippling business at a time when the COVID-19 pandemic has already eroded sales and evaporated profits for many Yukon SMEs.

The letter went on to give several examples of liberal policies, actions, proposals and consequences that had driven up the cost of doing business at a time when many companies, in the words of the chamber, “are just holding on to a wire and feel like their government is kicking them while they’re down.

The Yukon Party is calling on the Liberal government to meet with the chamber and CFIB “to listen to the business community and begin to take concrete steps to create the conditions for private sector development.”

Asked about the Yukon Party’s concerns, Cabinet communications staff emailed the Star this comment:

“Yukon’s government’s rating relative to other jurisdictions is largely a result of the territory’s number of exceptions to the Canadian Free Trade Agreement.

“The report itself notes that making a comparison on the raw number of exceptions is not optimal or does not reflect their true impact, given the different scales of economies in jurisdictions across Canada,” the statement added.

“This concern was raised with the Canadian Federation of Independent Business prior to the publication of the report, noting that such a methodology leads to a false equivalence between the exceptions, even if the national economic impact of the Yukon exceptions is small. compared to those held by other provinces. ”

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