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ARTICLE · 19 APRIL 2023

Budget 2023: International Trade Initiatives & Implications

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On March 28, 2023, the Government of Canada tabled the 2023 Budget, A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future ("Budget 2023").

CanadaInternational Law
Clifford Sosnow
Clifford Sosnow
Christopher Little
Christopher Little
Peter Mangaly
Peter Mangaly
Kiera Boyd
Kiera Boyd
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On March 28, 2023, the Government of Canada tabled the 2023 Budget, A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future ("Budget 2023"). While much of the discussion surrounding the budget has focused on affordability, the environment, and taxation, Budget 2023 also contains numerous proposals with international trade implications. Indeed, Budget 2023 identifies the realignment of global trade and supply chains away from authoritarian countries towards democracies (i.e., "friendshoring") as one of the major economic shifts that Canada must contend with and to which the budget responds.

We highlight some of the proposals with international trade implications below.

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