Appeared in the Toronto Star on May 4, 2013 as Canada’s Two-Tier Approach to Trade Talks As the future of the proposed Canada – European Union Trade Agreement becomes increasingly uncertain – the EU has been unwilling to compromise on the remaining contentious issues leaving the Canadian government with a […]
Post Tagged with: "trans pacific partnership"
Peter Clark posts an opinion piece at iPolitics that raises many questions with the Trans Pacific Partnership. Clark notes that “the TPP will not be worth much to Canada” given that we already have trade agreements with the U.S., Mexico, Chile and Peru.
After months of delays, Canada (and Mexico) have officially joined the Trans Pacific Partnership negotiations. The next round of talks is scheduled to take place in New Zealand in December.
Yet dig beneath the heady promises and my weekly technology law column (homepage version, Toronto Star version) notes that the benefits for Canada are hard to identify. The price of admission was very steep – Canada appears to have agreed to conditions that grant it second-tier status – and the economic benefits from improved access to TPP economies are likely to be relatively minor since we already have free trade agreements with four of the ten participants.
Given those conditions, why aggressively pursue entry into the negotiations?