Canada signs on to revised Trans-Pacific Partnership: sources

[Sunlei]

Source: CBC

Posted: Jan 23, 2018 7:24 AM ET|
Canada has signed on to a revised version of the Trans-Pacific Partnership, according to sources.

The deal comes after talks in Japan this week with the 11 countries still committed to the deal.

Canada was seen as the main holdout during talks in Vietnam last November.

The agreement has been renamed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

More to come

Read more: http://www.cbc.ca/news/politics/tpp-champagne-deal-1.4499616

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from 12/8/2017 discussions-

The European Union and Japan have agreed terms for a free trade deal liberalizing almost all trade between the bloc and the world's third-largest economy.

It is the largest free trade deal struck by the EU, bringing together economies representing approximately 27 per cent of global gross domestic product or about $20 trillion US, making it slightly larger than NAFTA.

[yallerdawg]

1. Throw in 20% and 30% tariffs (that we consumers pay)...

and NOW we will be beginning to reap the economic impact of THIS administration.

The only thing positive for us? Our kids and grandkids will get to deal with all the fallout.

[Adrahil]

2. I know some here are happy that we are out of that....

... but this is gonna hurt. We HAVE to engage in the global economy. It's not optional. Adapt or die.

[zipplewrath]

3. We are engaged in the global economy

We are a significant portion of the global economy. The problem is that the WAY we continue to engage the global economy is important. The TPP was a "bad" way. However, it is also true that Trump has done nothing "instead" of the TPP. The problem with the TPP wasn't that it existed at all, it was that it was deeply flawed. The "deal maker" has done nothing instead.

[Adrahil]

4. I disagree. There were some problems with TPP, but...

withdrawing is far worse than being in it. We are abdicating global leadership in trade. The EU and China will be more than happy to replace us.

[zipplewrath]

5. False dichotomy

There are more choices than just withdrawing or approving. Trump is abdicating by not negotiating something else. The TPP isn't about trade, and that is a big problem with it. International trade will continue and we will continue to be a big part of it. And it changes and morphs on a continual basis. Someday we'll get an administration that will be interested in negotiating the proper deal. The opportunities will still be there.