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September 19, 2018
Bill to implement Trans-Pacific Partnership agreement goes through second House reading
Bill C-79 to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) went through the second reading in the House of Commons this week. The Bill was introduced in the House of Commons in June 2018.
Minister of International Trade Diversification, Jim Carr, says Canada is committed to doing its part to move the implementing legislation for CPTPP quickly through Parliament and complete the ratification procedures in a timely manner. The agreement will enter into force once six member countries have completed their ratification procedures.
Mexico, Japan and Singapore have since ratified the CPTPP agreement through their respective processes.
The agreement includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
In 2017, Canada's merchandise trade with the 10 other CPTPP countries amounted to more than $95 billion.
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