The objectives of cooperating in the development of future regulatory measures are set out in Article 408 of the CFTA, namely, to:
- Avoid regulatory divergences that act as barriers to trade, investment and labour mobility within Canada;
- Facilitate innovation, competition, or growth in emerging industries, technologies, or sectors; or
- Ensure that, if feasible, common processes exist among Parties for implementing future regulatory measures in order to help streamline approval processes and minimize the administrative burden for enterprises working in multiple provinces.
The priority is the joint development of future regulatory measures that do not impede or create barriers to trade, investment, or labour mobility.