© Reuters/Kevin LamarqueU.S. President Barack Obama (R) and Canadian Prime Minister Stephen Harper shake hands after speaking to reporters following their meeting at the White House in Washington December 7, 2011.
For many Canadians, border crossings have been a constant source of headaches for several years now. The new border security and trade agreement between Canada and the United States, called the Beyond the Border plan, should bring some relief to businesspeople and regular travellers alike.
At its core, the agreement will go a long way towards streamlining the process of crossing the border, both for people and goods.
The federal government estimates that about $16 billion is lost annually to regulatory red tape and border congestion under the current system, an amount equivalent to about one per cent of Canada's GDP.
In his statement, Prime Minister Stephen Harper stressed the monumental nature of this new border deal. "These agreements represent the most significant step forward in Canada-U.S. co-operation since the North American Free Trade Agreement."
Indeed, what is at stake is clearly significant. At the moment, about 300,000 people a day cross a border that stretches 8,891 kilometres. Trade between the two countries accounts for more than $1 billion each day, with nearly half of that taking place between Windsor, Ont. and Detroit - the busiest border crossing in North America.