Harper congratulated Trudeau on this free trade deal.
Canada signs revised TPP with sights set on new deal in South America
Canada's minister of international trade marked an important step forward in Canada's trading relationship with one bloc of countries today, while looking to start a new deal with another.
François-Philippe Champagne signed the Comprehensive and Progressive Trans-Pacific Partnership, the reborn Trans Pacific-Partnership, while in Chile on Thursday.
On Friday, Champagne's team will pivot to the next free trade opportunity: the Mercosur bloc of nations.
"We're proud ... to show the world that progressive trade is the way forward, that fair, balanced, and principled trade is the way forward, and that putting citizens first is the way forward for the world when it comes to trade," said Champagne from Santiago.
The next step will be for Canada and the other 10 countries to ratify the deal.
The CPTPP was forged after the U.S. withdrew from an initial 12-nation deal in early 2017. The 11 remaining nations finalized a revised pact in January, which included controversial updates to the deal's labour, culture and environment chapters.
The new deal will reduce tariffs in countries that together amount to more than 13 per cent of the global economy, a total of about $10 trillion.
Even without the United States, the deal will cover markets reaching nearly 500 million people, making it one of the globe's three largest trade agreements, according to Chilean and Canadian trade statistics.
The revised deal eliminates some requirements in the original TPP demanded by U.S. negotiators, including rules to ramp up intellectual property protection of pharmaceuticals.
Heraldo Munoz, Chile's minister of foreign affairs, said the agreement was a strong signal "against protectionist pressures, in favor of a world open to trade, without unilateral sanctions and without the threat of trade wars."
Canada signs revised TPP with sights set on new deal in South America - Politics - CBC News
Canada signs revised TPP with sights set on new deal in South America
Canada's minister of international trade marked an important step forward in Canada's trading relationship with one bloc of countries today, while looking to start a new deal with another.
François-Philippe Champagne signed the Comprehensive and Progressive Trans-Pacific Partnership, the reborn Trans Pacific-Partnership, while in Chile on Thursday.
On Friday, Champagne's team will pivot to the next free trade opportunity: the Mercosur bloc of nations.
"We're proud ... to show the world that progressive trade is the way forward, that fair, balanced, and principled trade is the way forward, and that putting citizens first is the way forward for the world when it comes to trade," said Champagne from Santiago.
The next step will be for Canada and the other 10 countries to ratify the deal.
The CPTPP was forged after the U.S. withdrew from an initial 12-nation deal in early 2017. The 11 remaining nations finalized a revised pact in January, which included controversial updates to the deal's labour, culture and environment chapters.
The new deal will reduce tariffs in countries that together amount to more than 13 per cent of the global economy, a total of about $10 trillion.
Even without the United States, the deal will cover markets reaching nearly 500 million people, making it one of the globe's three largest trade agreements, according to Chilean and Canadian trade statistics.
The revised deal eliminates some requirements in the original TPP demanded by U.S. negotiators, including rules to ramp up intellectual property protection of pharmaceuticals.
Heraldo Munoz, Chile's minister of foreign affairs, said the agreement was a strong signal "against protectionist pressures, in favor of a world open to trade, without unilateral sanctions and without the threat of trade wars."
Canada signs revised TPP with sights set on new deal in South America - Politics - CBC News
