September 14, 2016
Global Affairs Canada published the results of a study which assesses the potential economic impact of the Trans-Pacific Partnership Agreement (TPP) on the Canadian economy.
The study highlights the projected economic impact that Canada faces if it chooses to be a party to the Agreement, as well as the potential economic impact if Canada opts out of the Agreement, and the 11 other TPP countries are part of the Agreement.
The Office of the Chief Economist at Global Affairs Canada suggests that joining the TPP would provide a net advantage to Canada resulting from increased market access and greater regional economic integration with Asia-Pacific countries.
The TPP comprises 12 countries (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam) representing a combined market of nearly 800 million people and a gross domestic product (GDP) of $28.5 trillion.
For complete details see: Economic Impact of Canada's Potential Participation in the TPP