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Exporters voice support for Canada joining TPP negotiations

Published by CME Webmaster on December 13, 2011

Forty organizations representing Canadian exporters wrote to Prime Minister Stephen Harper this past week, expressing their support for Canada joining the Trans-Pacific Partnership (TPP) negotiations.

In their letter, association heads encouraged the government to signal Canada's willingness to table ambitious and comprehensive offers that promote the country's best economic interests, as it intensifies its discussions with the original nine parties to the negotiations over the terms of its accession.

"Joining the TPP is critical as it is becoming the main trade liberalization instrument for the Asia-Pacific region," the letter reads. "Strategically strengthening Canada's trade and investment relationship with this region is a priority for Canadian businesses in light of the region's growing economic importance."

The Trans-Pacific Partnership currently includes Brunei, Chile, New Zealand and Singapore, while there are also currently ongoing negotiations to expand the agreement with Australia, Peru, the United States and Vietnam. Malaysia joined the negotiations last year, and Japan, Mexico and Canada announced their interest in joining TPP at last month's APEC summit.

With each of the nine countries currently party to the negotiations having a veto over new countries joining the negotiations, building support for Canada's accession will be critical. The 40 leaders representing exporters in the agri-food, energy, manufacturing and service sectors offer to work with the government to "engage Canadian business allies in the TPP region such as Canadian companies present in these markets, their suppliers and customers to voice their support for Canada joining the TPP as it is in our trading partners' best interests."

Assuming Canada succeeds at joining the negotiations, the associations co-signing the letter intend to work closely with Canadian negotiators "to ensure the TPP leads to a net increase in Canada's exports of domestically produced goods and services, as well as higher levels of production, investment and employment in Canada."

A copy of the letter can be downloaded at: http://www.cme-mec.ca/_uploads/documents/13237259062682.pdf.

 

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