Hon. Perrin Beatty, President and CEO of the Canadian Chamber of Commerce issued the following statement regarding the tabling of a bill to implement the Comprehensive and Progressive Trans-Pacific Partnership in the House of Commons:
“The Canadian Chamber of Commerce welcomes this next step in the ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This agreement represents a major opportunity for Canadian businesses to gain greater access to the fast-growing Asia-Pacific region.
“In light of recent events and with the future of NAFTA still uncertain, it is vital that Canadian businesses continue to diversify their export markets, and this agreement will bring down trade barriers for companies across a number of sectors. The Asia-Pacific region is the fastest growing in the world, and Canadian businesses will have access to nearly 500 million consumers through this agreement, which creates significant new opportunities.
“The Chamber is committed to working with business and government to ensure the benefits of this agreement are realized in all sectors of the economy, especially as free trade is a vital engine for growth.
“At the same time, the Canadian Chamber continues to encourage the Canadian government to be mindful of those sectors and regions that might be adversely affected, and to ensure our business environment remains a competitive destination for investment.”