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Canada’s entry into TPP marks key milestone in Canadian trade policy: CME

Published by Stephanie Brooks on October 09, 2012

Canadian Manufacturers & Exporters (CME) welcomes Canada's entry into the Trans-Pacific Partnership (TPP) negotiations, calling it a major step forward in strengthening Canada's competitive advantage in both North American and Asian-Pacific markets.

The announcement, made earlier today, rounds out the total number of countries included in the negotiations to 11. Mexico officially joined the talks yesterday.

"Canada's entry into TPP means we have an unprecedented opportunity to work hand-in-hand with our NAFTA partners to bolster North American manufacturing competitiveness and further liberalize trade in the Asia-Pacific region," says CME President & CEO, Jayson Myers. "We look forward to continue our work with Minister Fast and Canada's negotiating team to ensure the government's strategy supports Canadian business objectives."

CME is advocating for TPP to generate new market opportunities and better market access for Canadian manufacturers and exporters, promote rules-based trade, and enable Canadian industry to add value and success in growing global supply chains.

Together, the other 10 partners in TPP account for more than three-quarters of Canada's total exports and more than half of its overall imports.

"Once again, I want to highlight the efforts of Prime Minister Harper, Minister Fast, and Ambassador Doer, as well as the many North American businesses, who have all demonstrated great leadership in securing Canada's entry into TPP," adds Myers. "Now the real work of ensuring we deliver an agreement that is highly ambitious and meets our objective of delivering significant benefits to Canadian companies effectively begins." 

To view the government's official news release, please click here

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