With the US asserting a more protectionist trade policy, the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) comes at a pivotal time for Canada. President Donald Trump’s recent tariff move on steel and aluminum only drives the point home. The question is, will the CPTPP provide any offsetting benefits?
This report focuses on how the CPTPP could help Canada hedge exports at a time of US trade uncertainty and how it would help cast a wider net for Canadian goods and services. This report also outlines how the CPTPP tackles trade issues and explains the benefit to Canada of having a voice at the table as new global trade relationships develop.