The deal is “a signal to the world that trade matters, that rules matter,” trade minister Jim Carr told the House. “Our proximity to the United States is by far the number one determining factor” in Canada’s trade flows, said Tombe. While the deal shouldn’t be seen as a cure-all for NAFTA-related problems, it could result in some huge opportunities for Canadian exports. Originally, the TPP was conceived as a trade deal that would give the U.S. a foothold in Asia, in the face of growing Chinese power. As one of those countries, Canada will wield something of a veto over its southern neighbour.

Source: National Post September 18, 2018 14:26 UTC