16 / 32
The Dashboard
16
/ Canadian Government Executive
// March 2016
Trans Pacific Partnership
Key trade products:
Agriculture, Auto parts, Apparel. Pharmaceuticals,
High tech, Heavy manufacturing
Vietnam:
10.5%
Malaysia:
5.6%
Japan:
2.0%
New Zealand:
2.0%
Singapore:
1.9%
Peru:
1.2%
Brunei:
0.9%
Chile:
0.9%
Australia:
0.5%
Mexico:
0.5%
Canada:
0.4%
US:
0.4%
The Trans-Pacific Partnership is the new NAFTA. It will create a free-trade zone among 12 countries around
the Pacific. This will be the largest trading partnership ever and Canada is now a signatory to this deal.
There’s still a two-year approval process ahead before it is ratified. Here’s what you need to know.
Sources:
Peterson Institute for
International Economics – WSJ
The Projected GDP gains of TPP countries
What is at stake?
TPP members represent
US$ 28 trillion annual GDP
That’s equal to 1/3 of the global trade
The Trans Pacific Partnership Voyage
2006
Original TPP goes in effect in Brunei, Chile, Singapore
2010
First round of multi-lateral negotiations in Australia
2015
2 Pacific Rim countries in the agreement: Japan,
Vietnam, Singapore, Brunei, Malaysia, Australia,
New Zealand, Canada, United States, Mexico, Peru, Chile
2016
TPP Ministers, including Minister of International Trade
Chrystia Freeland of Canada, signed TPP agreement
in Auckland, New Zealand
2018
Deadline for Canada to ratify TPP