Policy Change: Refugee Claims and Investment Opportunities

policy change: The analysis predicts those costs will be partially offset by an estimated 171.6 million in economic benefits through increased tourism from Mexico and a boost in trade and investment opportunities, according to CBC. The federal government will need to make significant investments in immigration and border control processes to support a sustainable visa lift, the report reads. A regulatory impact analysis statement, just published on a Canadian government website, pegs the overall cost of the policy change that kicks in today at 433.5 million over 10 years due to extra enforcement resources and added costs associated with a potential spike in refugee claims. Federal and provincial/territorial governments will need to manage potential increases in asylum claimants from Mexico who may seek to exploit their new visa-free status in an attempt to migrate to Canada permanently. Screening, processing costs Some of the anticipated costs listed include Receiving and processing asylum claims. Mexican visa could be reimposed Officials prepare for potential flood of Mexican migrants Canada drops Mexican visa requirement While the majority of costs for dropping the visa requirement, and replacing it with an electronic travel authorization, will be borne by the federal government, provincial and territorial governments will also be impacted by increased asylum claims, the report says. (www.immigrantscanada.com). As reported in the news.