The Canadian government will soon propose the law needed to approve the pending Comprehensive and Progressive Trans Pacific Partnership trade agreement.
The government wants to be amongst the first ones to approve the deal. The government’s decision was made public just weeks after Champagne presented the Comprehensive and Progressive Trans Pacific Partnership agreement, formerly the Trans Pacific Partnership, in the House of Commons on May 23.
The Trudeau government has been pressured by stakeholders to approve the trade agreement as quickly as possible. Mexico has already approved the multi-lateral trade deal, with Japan expected to have its ratification process concluded by the end of June.
Australia has tabled the treaty in its Parliament and vows to expedite ratification, while Malaysia and Chile are both expected to ratify quickly. New Zealand, Singapore, Peru, Vietnam and Brunei also plan to approve the law soon.