CANADA IN NO RUSH
GOV’T WON’T BE PRESSURED INTO TPP TRADE DEAL
Remaining Trans-Pacific economies trying to revive deal after U.S. opted out
Prime Minister Justin Trudeau insists he will not be pressed into signing an updated Trans-Pacific Partnership treaty too hastily, even if some of Canada’s partners are keen to secure a quick agreement.
Trudeau made the remarks Wednesday when asked whether he would walk away from the 11-country trade pact if the revised deal failed to include several new “progressive” chapters Canada has been pushing for.
“We believe that progressive, solid trade deals can help citizens in all sorts of different countries, at different levels of development and our ministers are very much focused on that,” Trudeau told reporters in Hanoi, where he started his multi-day trip through Southeast Asia.
“But let me, of course, remind everyone that Canada will not be rushed into a deal that is not in the best interests of Canada and of Canadians.”
Trudeau then added, in French: “I can assure people that we will not be rushed into signing a deal at all costs.”
The remaining TPP economies are trying to revive the deal following President Donald Trump’s decision to withdraw earlier this year.
The TPP is expected to be a central theme at this week’s Asia-Pacific Economic Co-operation summit in the Vietnamese city of Danang. Trudeau will attend the APEC meetings and there has been speculation that some kind of deal could be reached by the end of the summit.
International Trade Minister Francois-Philippe Champagne has said Canada wants the updated TPP to contain progressive chapters on the environment as well as workers’ and women’s rights.
But trade experts have predicted that persuading Asia-Pacific economies on progressive chapters will be a tough sell.
Some of the countries at the table are far less developed than Canada and would have difficulty implementing them, while others might prefer to leave social issues separate from trade agreements.
Trudeau is travelling in the Asia-Pacific over the next week to strengthen Canada’s ties to the region.
He arrived Wednesday in the buzzing, moped-filled city of Hanoi. It’s the capital of a fast-growing country that has a deep cultural connection for many Canadians.
Trudeau met Vietnamese President Tran Dai Quang, Prime Minister Nguyen Xuan Phuc and civil society leaders, with whom he discussed issues like human rights, gender equality and freedom of expression.
Today, he’s scheduled to travel to Ho Chi Minh City to visit the stock exchange, hold a roundtable with business leaders and appear at a university event.