Canada Joining Trans-Pacific Partnership Essay

The Trans-Pacific Partnership aims to establish a tariff free economic cooperation zones between twelve countries around the Pacific Ocean. These countries are the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, thus creating the largest trade zone in the world (Jackson, 2015). The

This results in Canada having to rely on the United States for trade as well. The relationship between Canada and the United States has been compared to an elephant and a mouse. The elephant being the US and the mouse being Canada, meaning that the majority of what the US does is in the interest of themselves, not Canada. Any large investments that receive location incentives will sell a large portion of their output to the United States because they are seen as the superpower (Thomas, 346). Instead of being a strong entity like the United States, Canada tends to lack the motivation needed to strengthen the economy and be a competing factor on the world stage. Canada is looking for ways to change its policies to keep manufacturing jobs in Canada rather then outsourcing them to place with high populations and low wages, like China and India (Whalley, 316). As we have previously talked about in class, businesses poaching tends to happen in Canada, the leading factor being the barriers that are put in between provinces. Kenneth. P. Thomas gives the example of Crown Life Insurance and the relocation of 1,200 jobs from Toronto to Regina in Saskatchewan. The Saskatchewan government guaranteed a $250 million dollar loan that Crown Life Insurance happily took (Thomas, 348). This shows that there is naturally competitiveness between provinces, accompanied

As Canada is not a very large country population wise, it is crucial that Canadian companies are protected from large, capital-orientated companies worldwide. Although the Trans-Pacific Partnership will eliminate many tariffs, the beef and pork industry will still benefit greatly. Canada exported about $3.9 billion dollars worth of product to the potential TPP markets in the years 2012 to 2014 (The ABCs of TPP. (n.d.). Retrieved November 23, 2015, from

Both Canadian businesses and the government have similar goals and a shared vision to further develop its trade in the emerging Asian market as well as other international markets. The government provides businesses with the resources and presents them with opportunities by creating and pursuing trade agreements with these countries of interest.  One example of this is the recently signed Trans-Pacific Partnership (TPP). This Free Trade Agreement enables businesses to trade with countries including Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam. This treaty states that all parties must provide each other’s goods with “national treatment”, goods imported from a TPP party must

The agreement was launched after the release of Report of the Joint Study on the Possibility of a Canada-Japan Economic Partnership Agreement which found many potential opportunities that can help Canada and Japan deepen trading relations. The report anticipated domestic products gross approximately USD $4 billion each for both Canada and Japan as a result of free trade. An EPA also benefits Canada because Canadian businesses can use Japan as a platform to expand economic activities in Asian marketplace. Besides, by eliminating tariffs, Canadian importer and exporter can earn more profit provided by the Japanese

The greatest achievement that I have been able to accomplish in terms of securing the material national interest of the United States has been the agreement of the Trans-Pacific Partnership. This trade agreement amongst twelve member states (United States, Canada, Chile, Peru, Zealand, Australia, Brunei, Singapore, Vietnam, Malaysia, and Japan) was adopted to strengthen the economic ties for a more interconnected global economy. For the average working American it shows great promise to increase their income and for the nation as a whole. It also possesses the potential to allow for the growth of the nation’s GDP and annual exports, thereby increasing the living standard.

Trade is absolutely essential in Canada’s economy in order to maintain good standards of living. It has allowed industries to specialize, hence achieving greater economic efficiency.

The Trans-Pacific Partnership has been in the works between the EU and Japan since 2013 for a free trade agreement and Non-Tariff Measures in order to ease the burdens of existing trade barriers with Japan. Urgency recently developed when the Trump, the President of the United States of America, left the partnership affecting the other 11 members of the trading bloc. (EU-Japan Center for Industrial Cooperation , 2017)

Canada has established a clear goal towards helping businesses have long-term relationships & growth internationally and to save money. Mainly focusing on negotiating better rules/policies that will work alongside local manufacturing and exporting organizations in Canada and around the world. Canada has become willing to aim their business intentions towards working with the WTO and other countries, in efforts to overcome their global presence issues. The “Free Trade Agreement” helps Canada’s exporter and manufacturer gain a competitive advantage globally (with Europe, Latin America and other countries) by exposing them to new customers and investment opportunities (resulting in greater sales numbers). Constant focus on building a

The Trans-Pacific Partnership is a controversial free trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam, which encompass forty percent of the total global economy, making it the largest trade deal signed in the last twenty years. While President Barack Obama has been pushing this agreement, many politicians have come out against it, including presidential hopefuls Donald Trump and Bernie Sanders, calling it a “disaster”. Companies such as Ford Motor Company has also come out against Trans-Pacific Partnership because there is not a currency-manipulation provision (Sehgal). The Trans-Pacific Partnership is also controversial in other countries that

When the original TPSEP deal was concluded it was a complex and comprehensive trade deal between those 4 pacific rim

-The Trans-Pacific Partnership Agreement is a free trade agreement initiated in 2005 and was joined by the U.S. in 2008 which proposes to liberalize trade in the Asia-Pacific region.

The Trans-Pacific Partnership (TPP) is a secretive, multinational trade agreement being negotiated among countries bordering the Pacific Ocean, including the United States, Japan, Vietnam, Australia, Chile, Malaysia, New Zealand, Singapore, Canada, Mexico, and Brunei Darussalam. Together they represent about 40% of the global Gross Domestic Product (GDP). The TPP is expected to reduce (or eliminate) trade barriers, facilitate the development of production and supply chains, boost competitiveness and increase the standard of living within the countries involved with the partnership. The agreement could require countries to adopt stricter labor

(Journal of E-Governance 2012) stated that five components that will make TPP a point of reference, 21st Century trade understanding, setting another standard for overall trade and incorporating next-generation issues that will boost the power of TPP countries in the overall economy. The key features of the assertion are Exhaustive business sector access: to take out duties and different obstructions to products and administrations and venture, in order to make new open doors for labours and organizations and prompt benefits for purchaser. Completely local understanding: to encourage the advancement of generation and supply chains among TPP individuals, supporting the objective of making occupations, raising expectations for everyday comforts, enhancing welfare and promoting sustainable growth in member nations. Cross-Cutting exchange issues: to expand on work incorporating so as to be done in APEC and other in TPP four new, cross-cutting

As mentioned earlier, the TPP is a major potential free trade agreement between twelve of the Pacific Rim countries. The countries are Australia, Canada, Japan, Malaysia, Mexico, Peru, The United States, Vietnam, Brunei, Chile, New Zealand, and Singapore (Freil, Sharon, Gleeson, Thow, Labonte, Stuckler, Kay, and Snowdon 1). Interestingly enough, this agreement is the technical successor to the P4 agreement that was initialised in 2006 (Elms 29). This agreement was held between Chile, Brunei, New Zealand, and Singapore. In 2008 the U.S. showed large interest in joining this agreement giving spark to a new agreement that has enticed other Pacific Rim countries (Elms 29). Taking charge of this new agreement the U.S. has laid down most of the TPP 's foundation to create an agreement that should allow for a