January 23, 2018 – The Canadian Federation of Independent Business (CFIB) congratulates Prime Minister Justin Trudeau along with Ministers Chrystia Freeland and François-Philippe Champagne, for reaching an agreement on the Comprehensive & Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The deal, announced today, will provide Canadian firms access to a global market of 494 million people, with a combined GDP of US$10.2 trillion, or 13.6 per cent of global GDP.
“This is an important agreement that offers Canada’s small businesses substantially expanded market opportunities. It’s also timely, given the current uncertainty surrounding NAFTA,” said Dan Kelly, President at CFIB.
CFIB is especially pleased that the agreement has a dedicated chapter with specific measures to help small and medium-sized businesses fully benefit from the CPTPP.
“A chapter dedicated to SMEs, indicates that the various CPTPP countries recognize that smaller businesses have unique needs and may need additional or different tools to successfully trade across borders,” added Kelly.
Finally, as we await details of the new deal, CFIB encourages the government to mitigate any economic harm to sectors that may be adversely affected as a result of the trade deal.
For media inquiries or interviews, please contact:
Andy Radia, 647-464-2814, [email protected]
CFIB is Canada’s largest association of small and medium-sized businesses with 109,000 members across every sector and region. Learn more at cfib.ca.