Channel 1 Los Angeles
January 16, 2019 – Ottawa, Ontario
Canada’s continued prosperity depends on renewing existing trade relationships and tapping into new markets through ambitious trade agreements that create valuable jobs for middle-class Canadians. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) exemplifies the opportunities generated by Canada’s trade diversification strategy through new market access for Canadian businesses in the Asia-Pacific region, including in Japan—the world’s third-largest economy.
The Honourable Jim Carr, Minister of International Trade Diversification, will attend the inaugural meeting of the CPTPP Commission in Tokyo, Japan, on January 19, 2019. The commission, comprised of the 11 CPTPP signatory countries, will identify the next steps and ways that businesses can reap the benefits of this landmark agreement.
During his visit, Minister Carr will attend an event hosted by Shinzo Abe, Japan’s Prime Minister, bringing together business and labour union leaders to mark the CPTPP’s entry into force. He will also meet with industry representatives on January 20 to discuss market access for Canadian products, such as beef and other key exports, to the lucrative Japanese market.
Canada was one of the first six countries to ratify the CPTPP, allowing Canadian exporters to immediately take advantage of tariff reductions. This ambitious agreement will allow Canadian companies to better compete in Japan and other fast-growing Asian markets.