It enables us to effectively manage fiscal and monetary policies and negotiate trade agreements. Timely and detailed trade data is also good for your bottom line. It provides a valuable tool for measuring market share, monitoring price trends, and identifying import markets. So, I invite you to give the CAED system a try and let us know what you think. Now I would like to highlight some of the work Revenue Canada is doing internationally to expand trade worldwide.
Trade agreements are only words on paper.
They have to work in the real world. To expedite the flow of legitimate goods coming across our border, a transponder system for trucks has already been tested. Work is underway on common software and an encryption system for exchanging electronic data. We have run a successful prototype. Now, we hope to have a pilot up and running by next summer.