Hugh Stephens, Vice-chair, CANCPEC
Distinguished Fellow, Asia Pacific Foundation of Canada /Executive Fellow, School of Public Policy, University of Calgary
When U.S. President Donald Trump pulled the plug on U.S. participation in the Trans-Pacific Partnership in January, it was a bad day for Canadian supporters of the TPP.
But now it seems the TPP may still live under another guise, often referred to as the TPP 11. New studies have shown that even without U.S. participation, a transpacific agreement based on the new rules negotiated in the original TPP will still bring gains to all the partners. More important, moving ahead with the TPP 11 would constitute a global signal that trade liberalization is still vital for economic growth, and that preservation of open markets through multilateral agreements is the way of the future, rather than Mr. Trump’s protectionism or preference for zero-sum bilateral deals.
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Source: PECC News feed
