A red transport truck driving on a highway beside a forested area on a clear day. (flickr.com)

Media Contacts

Ministry of Jobs and Economic Growth

Media Relations
250-880-5179

Backgrounders

Facts about the new trade-response bill
  • Bill 5: Trade Recognition Act builds on the foundation created by the Economic Stabilization (Tariff Response) Act (ESTRA) Part 1, keeping the parts that worked, while modernizing the framework into a permanent, long-term approach.
  • ESTRA was designed as a rapid response to protect B.C. from external economic threats and reduce internal trade barriers. 
  • ESTRA Part 1 is set to expire May 28, 2026.
  • Its purpose was to protect B.C.’s economy quickly, using a temporary framework
  • The new internal trade legislation Bill 5 makes recognition permanent, with no expiry.
  • Key business organizations, including the Canadian Federation of Independent Business and the Greater Vancouver Board of Trade, have expressed support for mutual recognition of goods and services within Canada.
  • Greater Vancouver Board of Trade estimates that reducing internal trade barriers could generate $7.6 billion in GDP for B.C., and $1.7 billion in B.C. government revenue.
  • Economic analysis published by the Macdonald Laurier Institute estimates up to a 7.9% increase in national GDP, worth between $110 billion and $200 billion annually.