Increasing the de minimis threshold (DMT) for imports in Canada would generate significant benefits for Canadians, finds a new report from the C.D. Howe Institute. The report finds that raising the DMT would have positive effects for consumers and businesses, particularly small- and medium-sized businesses because the cost savings for smaller entities is disproportionately large.
Trade plays key roles in fostering innovation, both as a conduit for the diffusion of global technology and knowhow that facilitates innovation in developing nations and by giving innovative companies access to large global markets through which they can recoup their upfront investments in R&D and generate revenues to finance future generations of innovation. GTIPA-member reports here examine trade-innovation linkages.