(Josh Wingrove – Bloomberg)
Canadian chief executives are calling on Prime Minister Justin Trudeau to nail down and implement an 11-nation Pacific Rim trade deal, as Canada holds out in hopes of changes.
The Business Council of Canada, representing chief executives from many of the country’s biggest firms, said the latest version of the Trans Pacific Partnership (TPP) would be immensely beneficial and is imperiled by any delay. The TPP controversy comes as talks toward a revised North American Free Trade Agreement (NAFTA) stall on contentious U.S. demands.
“Now more than ever, Canada should be doing everything possible to diversify its trade,” said John Manley, chief executive of the group, said in a statement concluding a visit to Japan, the largest economy in the proposed pact. The pacific deal “would be a game-changer for Canadian companies in key markets in the Americas and across the Pacific.” Click here to read more.