Trans-Pacific Partnership (TPP) trade agreement

China may balk at Taiwan entry into resurrected TPP

A trade deal has been struck with 11 countries on both sides of the Pacific, including Canada.

Is the TPP a big deal for Canada?

Market opportunities will improve for Canadian exports, and improved foreign access to Canada’s dairy and poultry sectors will lower costs of these products for Canadian consumers.

Looking at 2016: the United States through a Canadian prism

The two front-runners for each major U.S. political party are far from being advocates for liberalizing international trade and investment regimes.

Despite predictable opposition, pending trade deals would benefit Canada

Chrystia Freeland, Canada’s new Minister of International Trade, plans to work with Parliament to ratify two important treaties that reduce existing barriers to free trade.

American manufacturing more nimble, efficient and capable of competing internationally

Canada's lack of competitiveness will put Canadian manufacturing in a poor position to take advantage of opportunities via the Trans-Pacific Partnership (TPP) trade agreement.

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The Trans-Pacific Partnership (TPP) trade agreement currently under negotiation will secure a trade alliance between Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam. These countries have a combined economy (GDP) of over $27 trillion, comprising nearly 35 percent of global GDP and about one third of global trade.

This ambitious, next-generation trade agreement will be Canada's first foothold into prosperous Asian markets and will provide an opportunity for Canada to address outstanding issues with its two NAFTA partners. To date, the WTO has been the most significant and promising forum for multilateral trade liberalization, but negotiations have stalled and they are not likely to pick up momentum in the near future. As such, TPP membership is likely to broaden to include other countries seeking to liberalize trade relationships, such as the Philippines and South Korea. The prospect of China joining the negotiations in the short term is uncertain, but the country?s expression of interest underscores why the TPP is important: it has the potential to expand to include all Asia-Pacific Economic Cooperation (APEC) countries. For countries in the Asia-Pacific region, the main draw of the TPP is preferential access to the United States. The United States' commitment to the TPP as the centrepiece of its foreign trade strategy means that these negotiations may avoid becoming mired in politics and yield a finished agreement within five years.