On October 5th 2015, twelve Pacific Rim countries (Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the USA, Vietnam) concluded nearly eight-year long negotiations on the Trans-Pacific Partnership Agreement ("TPP"). It is said to be the largest regional trade agreement ("RTA") in history, constituting 40% of the world's GDP.
Trade Info You Can Trust
In The News
Forget NAFTA, the TPP is the new ‘gold standard’ of global trade
October 30, 2015
It will take years before the benefits of the Trans-Pacific Partnership, and its possible drawbacks, find their way into the Canadian economy.
One thing for sure is that much of what we gained from the North American Free Trade Agreement [NAFTA], which came into effect in 1995, will be superseded by the new 12-nation TPP — whenever member nations finally sign off on the pact.
NAFTA is not TPP
October 26, 2015
It’s time to answer some of the misguided arguments about Canada rejecting the TPP Agreement that are being bandied about.
I was dismayed to hear pundits and political candidates claim that, because 85 per cent of our exports are covered under the NAFTA and other trade bilateral agreements, we really don’t need to be part of the TPP anyway.
Auto-sector protection under TPP deal less than Ottawa touted
October 26, 2015
The Canadian government has omitted a key detail from its public explanation of what would change for this country’s vital auto sector under the Trans-Pacific Partnership trade agreement.
Trade deficit balloons to $2.5 billion in August
October 22, 2015
Statistics Canada says the country's trade deficit with the world increased to $2.5 billion in August — much higher than economists expected.
The increase came as exports fell 3.6 per cent in August, while imports edged up 0.2 per cent.
Economists had expected a deficit of $1.2 billion for the month...