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Should Canada enter the Trans-Pacific Partnership trade deal?

Categories: Business, Politics

Canada is moving to join the nine countries in the Trans-Pacific Partnership (TPP) trade deal, but politicians and analysts are divided on how this would affect Canada's economy.

Stephen Harper stands with leaders of some of the countires that make up the Trans-Pacific Partnership at the APEC summit in Honolulu, including Singapore, Peru, New Zealand and Australia. China, represented here by President Hu Jintao, bottom left, is not part of the TPP.Stephen Harper stands with leaders of some of the countires that make up the Trans-Pacific Partnership at the APEC summit in Honolulu, including Singapore, Peru, New Zealand and Australia. China, represented here by President Hu Jintao, bottom left, is not part of the TPP. (Chris Wattie/Reuters)Opposition critics have accused the government of selling out Canada's supply-managed agricultural sectors, such as dairy, eggs and poultry.

"We would like to know what has changed. What will Canada have to give up in order to be allowed in the Trans-Pacific Partnership talks?" interim Opposition Leader Nycole Turmel asked Monday.

"Canada's approach to the TPP will not be different [than its approach to the] European Union free-trade negotiations, and of course this includes our interests in defending and promoting our specific interests in the economy, including supply management," said Defence Minister Peter MacKay.

CBC political analyst Greg Weston says the TPP could have ramifications far beyond the farmyard, to issues like foreign ownership of telecom companies. The U.S. is also considering entering the partnership, which could reopen trade issues south of the border. 

CBC business analyst Don Pittis says the deal could open up more markets for Canada's resources. "Maybe the biggest value of the Trans-Pacific Partnership talks will be to further open Canadian eyes to a huge and growing market and, while we are looking for other opportunities, push us to spend and innovate to become the world's best high-tech hewers."

Should Canada enter the Trans-Pacific Partnership trade deal? Do you have concerns about Canada entering a trade deal with Asia? Let us know in the comments below.



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Tags: Politics

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