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ARTICLE · 13 OCTOBER 2015

Trans-Pacific Partnership (TPP) Trade Agreement Reached

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Eighty one percent of Canada's total exports currently are destined to TPP member countries

CanadaInternational Law
Richard Dearden
Richard Dearden
Wendy Wagner
Wendy Wagner
Anca Sattler
Anca Sattler
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Canada released an announcement today that the 12 Pacific-rim countries negotiating the Trans-Pacific Partnership (TPP) have reached an “ambitious, complex and comprehensive TPP agreement.” The 12 TPP countries are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam and the United States. The TPP countries represent a total market of nearly 800 million people.

Eighty one percent of Canada’s total exports currently are destined to TPP member countries. The Canadian Government has indicated that, through the TPP agreement, Canada will gain preferential access to growing Asia-Pacific markets, by eliminating tariffs and other barriers to trade, while bolstering Canada’s strategic position in the global economy.

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