Closer ties with Europe could offer opportunities for Canada, but come with challenges

CTV: One of the biggest would be the adoption of European standards for Canadian exports, which could come at a significant cost.

“Truly aligning standards, codes and regulations with the EU, I think that’s further than most Canadian governments and most Canadians want to go,” said Brett House, a Canadian economist who teaches at Columbia University in New York.

Norway and Switzerland are not EU members but participate in the European free-trade area. To facilitate that relationship, both countries have had to harmonize legislation and regulations with EU rules in several markets…

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