Canada and 10 other members of the Trans-Pacific Partnership Agreement have agreed to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The new Agreement is expected to be signed in March.
The members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership are: Canada, Mexico, Japan, Australia, New Zealand, Vietnam, Singapore, Malaysia, Brunei, Peru, and Chile.
Although the Agreement and side letters have not been publicly released, Canada’s Minister of International Trade François-Philippe Champagne issued a Statement saying in part:
“… We are happy to confirm the achievement of a significant outcome on culture as well as an improved arrangement on autos with Japan, along with the suspension of many intellectual property provisions of concern to Canadian stakeholders.”
President Donald Trump withdrew the United States from the Trans-Pacific Partnership Agreement as one of the many protectionist actions of his Administration. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership takes Canada in the opposite direction.