Trans-Pacific Partnership (TPP)
The Trans-Pacific Partnership (TPP) is a trade agreement between Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States (until 23 January 2017), and Vietnam.
Since the U.S. announced it was pulling out of the partnership, the other 11 participating countries have continued to explore how to move forward on their own.
Among the TPP’s central benefits to Canada is a guarantee of preferential market access to seven new countries as part of the partnership. These new partner countries jointly represent new trade opportunities for Canadian exporters, as the agreement puts Canada in an advantaged position relative to countries that do not have free trade agreements with these trading partners, and ensures a level playing field with respect to other TPP competitors in these markets.
- The Canadian Horticultural Council (CHC) is waiting for a Government of Canada consultation period so that it may address how a multi-lateral agreement would affect CHC members.
- CHC is monitoring discussions between the remaining countries and will consult with members on any potential impacts.