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Trudeau says Canada 'will not be rushed' into signing renewed Trans-Pacific Partnership trade deal

Trudeau says Canada 'will not be rushed' into signing renewed Trans-Pacific Partnership trade deal
From CBC - November 8, 2017

Despite the eagerness of some trading partners, Prime Minister Justin Trudeau says Canada is in no hurry to sign a revised Trans-Pacific Partnership (TPP)this week at the APEC summit in Vietnam.

"Let me remind everyone Canada will not be rushed into a deal that is not in the best interest of Canada and Canadians. I have always been very clear that I will stand up for Canadian jobs, for Canadian values, that's exactly what we will do here," he told reporters at a joint newsconference with Vietnamese prime minister Nguyen Xuan Phucafter an official state visit.

Trudeau's comments Wednesday leave open the possibility Canada could sit on the sidelines while other countries put pen to paper on a new deal.

While some observers thought TPP was left for dead after U.S. President Donald Trump pulled his country out of the agreement in January, the other 11 original signatories, including heavyweights like Canada, Japan, Australia and New Zealand, have pressed ahead with talks to secure a pact that would eliminate tariffs on industrial and farm products across abloc whose trade totalled $356.3 billion last year.

Trade ministers, including Canada's Franois-Philippe Champagne, are meeting in Da Nang, the site of the APEC meeting, to hammer out a revised deal before national leaders descend on the resort town later this week. Some TPPpartnershope to have something signed by the weekend, with reports suggestingrenewedtalks are now in the"final stretch."

Liberal government sources have sought to tamp down such optimism, something that was affirmed publicly by the prime minister as he spoke to reportersWednesday.

'Progressive' trade deals could be tough sell in Asia

"Our ministers are very much engagedand working hard on this issue of TPP11. Canada is very much engaged in discussions of how we can move forward in a way that is beneficial to Canada and our partners. We believe progressive, solid trade deals can help citizens in all sorts of different countries."

Indeed, Canada is pushing for the addition of more "progressive" elements to the trade deal, much like what the country's negotiators have called for in the ongoingNAFTA talks.

In particular, Canada has sought the inclusion of chapters on the environment, labour rights and gender equality, sources told CBC News.

It could prove to be a tough sell for some TPP countries, including Vietnam, where tolerance for dissidents is low, and human rights are frequently under threat in the face of the communist regime.

Human rights included in joint agreement

@JPTasker

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