- Created: Tuesday, 26 January 2016 08:04
Next week in New Zealand (one of the TPP signatory countries), the Canadian federal government intends to sign the TPP. Unfortunately, that signature doesn’t necessarily mean that the TPP will go ahead as planned. Canada’s signature on the deal is only a technical step in the process. It allows “…the TPP text to be tabled in Parliament for consideration and debate before any final decision is made”….says International Trade Minister Chrystia Freeland.
Much more work and studies are to be done by Canada’s Government. For more details on the next steps - after Canada’s signature on February 4, 2016, see CBC News’ story at:
On October 5th, 2015, Canada announced that they had successfully concluded negotiations on the largest, most ambitious free trade agreement in history - the Trans-Pacific Partnership (TPP). The TPP will eliminate tariffs on almost all of Canada’s key exports and provide access to new opportunities in the Asia-Pacific region. Tariffs and other barriers on a wide range of Canadian products from various sectors will be cut. Some cuts will be immediate upon the TPP coming into force and other cuts will occur gradually over specified years. Canadian products such as: Agriculture and agri-food, fish and seafood, forestry and value-added wood products, metals and mining, and industrial goods.
TPP Signatory Countries:
Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam
How Can Cole International Help?
If you’re an importer from any of the 12 signatory countries or an exporter to any of those 12 countries, Cole International can help you to take advantage of all that the TPP has to offer. We have a dedicated Free Trade Department who specialize in understanding and applying free trade agreements such as the TPP. They will work with your company to prepare a detailed impact analysis of the TPP on your import or export business.
If you would like to receive the recently published TPP details, or you would like to know the impact of the TPP on your company, please call:
Raluca Mihalceanu, Trade Consultant, Cole International - (905) 676-6136
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