Thursday, 14 June 2018 13:04

Minister Champagne introduces legislation for CPTPP

514 M Champagne


On June 14, the Honourable Francois-Philippe Champagne, Minister of International Trade, introduced legislation in the House of Commons for the implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The CPTPP will provide Canadian exporters and investors across a broad range of sectors with preferential access to fast-growing markets in the Asia-Pacific region, including Japan, Malaysia and Vietnam. This willl set a new standard for free trade agreements in the Asia-Pacific region by including robust and enforceable provisions in areas such as labour and the environment. The CPTPP Agreement will enter into force 60 days after at least six of the partner countries complete their respective ratification procedures.  Once in force the CPTPP is expected to boost Canada's GDP by 4.2 billion.
 

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