Business leaders in Canada are trying to sway Prime Minister Justin Trudeau to join the now U.S.-free Trans-Pacific Partnership (TPP) trade deal. In an open letter, more than a dozen business leaders are telling Trudeau to join the pact that the U.S. left earlier this year.
Canada-based Business News Network reports the letter doesn’t specifically mention the threat of a U.S. withdrawal from the North American Free Trade Agreement (NAFTA), but says trade diversification is more important than ever. A spokesperson for Canada’s International Trade Minister says the government is “redoubling” its efforts to consult with stakeholders to make sure Canada gets the best deal possible on the revived TPP. However, with Canada absent from the recent Asia-Pacific Economic Cooperation meeting, Japan is considering pressing forward without interaction with Canada in the TPP talks.
Canada’s agriculture groups last month continues to press the nation to move forward with TPP, citing uncertainties with NAFTA as a reason to bolster other trade markets.
From the National Association of Farm Broadcasting News Service.