The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) positions Canada as one of the most open countries in the world, with free trade agreements covering more than 60 per cent of the global economy. Once implemented, Canada will become the only G7 nation with trade agreements covering the United States, the Americas, Europe and the Asia-Pacific region, including three of the world’s four largest economies.
Companies of all sizes will benefit from preferential access to nearly 90 per cent of Canada’s existing export markets. The CPTPP provides Canadian companies new access to Japan, Vietnam, Malaysia, Singapore, Australia, Brunei and New Zealand. It also enhances existing free trade agreements with Peru, Chile and Mexico. CPTPP markets account for 8.1 per cent of Canada’s goods and services trade.