Deepening Canada’s ties in fast-growing Asia-Pacific region is key part of Canada’s Economic Action Plan to create jobs, growth and prosperity, says Minister Fast
[On December 3] the Honourable Ed Fast, Minister of International Trade and Minister for the Asia-Pacific Gateway, announced that Canada has officially joined the latest round of Trans-Pacific Partnership (TPP) trade negotiations, now under way in Auckland, New Zealand...
Canada formally joined the TPP on October 8, 2012. The group comprises 11 countries—Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam—and represents a market of nearly 658 million people with a combined GDP of $20.7 trillion.
“Latin America and Asia include some of the fastest-growing economies in the world,” said Minister Fast. “Joining our largest trading partners—the United States and Mexico—in the TPP will strengthen trade and investment ties and supply chains between the Americas and Asia and create new opportunities for Canadian exporters seeking to expand into new markets or enhance their presence in existing markets.”...
The 15th round of TPP negotiations in Auckland will continue until December 12, 2012.
This article is available in its entirety on the FAITC website at: http://www.international.gc.ca/media_commerce/comm/news-communiques/2012/12/03a.aspx?view=d.