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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Harper Government Advances Canada's Priorities in Trans-Pacific Partnership Negotiations

Friday, July 26, 2013 > 10:45:23
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The Honourable Ed Fast, Minister of International Trade, today marked the conclusion of the 18th round of Trans-Pacific Partnership (TPP) negotiations, which took place in Kota Kinabalu, Malaysia, from July 15 to 25, 2013.


“Our government is committed to creating new opportunities for Canada’s exporters in the fast-growing and dynamic Asia-Pacific region,” said Minister Fast. “An ambitious TPP agreement will open markets and create jobs for Canadians in every region of our country.”


The Minister added, “I would like to welcome Japan as a new TPP member. The participation of Japan – the world’s third-largest economy and a key economic player in the Asia-Pacific region – will generate significant trade and investment opportunities for all negotiating countries.”


Japan formally joined the TPP negotiations on July 23, 2013, once all members had completed their domestic consultation processes.


Twelve countries are currently participating in the TPP negotiations: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. Canada formally joined the negotiations on October 8, 2012.


The next round of TPP negotiations is scheduled for August 22 to 30, 2013, in Brunei.


With the addition of Japan, the TPP market represents more than 792 million people and a combined GDP of $27.5 trillion – more than 38% of the world’s economy.

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