Justin Trudeau announces in Davos that Canada has joined 10 other countries in new CPTPP trade deal

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      Canada's prime minister won warm applause at the World Economic Forum by talking up a new international trade agreement.

      "I am pleased to announce that Canada and the ten other remaining members of the Trans-Pacific Partnership concluded discussions in Tokyo, Japan, on a new Comprehensive and Progressive Agreement for Trans-Pacific Partnership," Justin Trudeau said in Davos, Switzerland.

      It came a year after U.S. president Donald Trump declared that his country was pulling out of the CPTPP's preceding deal, which was known as the Trans-Pacific Partnership.

      Trudeau claimed that his government stood up for Canadian interests, claiming that "this agreement meets our objectives of creating and sustaining growth, prosperity and well-paying middle-class jobs today and for generations to come".

      The text of the newly named CPTPP has not been posted on the Canadian government website.

      However, Trudeau maintained that it offers a better deal than the TPP "for Canadian workers on intellectual property, culture, and the automotive sector".

      "Trade helps strengthen the middle class, but for it to work we must ensure that the benefits are shared with all our citizens, not just the few," Trudeau said. "The Comprehensive and Progressive Trans Pacific Partnership is a new step on that path."

      The CPTPP has been endorsed by Japan, Australia, Brunei, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

      Trudeau's anouncement in Davos came two days before U.S. president Donald Trump is expected to appear at the World Economic Forum.

      "We cannot neglect our responsibility to the people who matter most, to the people who aren’t here in Davos and never will be," Trudeau told the global elites in the audience. "Those are the people we’re working for. Those are the people who must be our priority.

      "If we do nothing, and if we operate in the mindset of 'business as usual'," Trudeau continued, "the systems will break down, and we will all fail."


      The prime minister's remarks drew a sharp response from NDP MP Charlie Angus, who highlighted how Sears pensioners were screwed financially when their former employer went bankrupt.

      In 2016, Lorimer published an extensive critique of the Trans-Pacific Partnership, highlighting negative implications in chapters focusing on the environment, regulation of prescription medicines, Canada's public postal service, migrant workers, and Canadian copyright rules, among other subjects.

      Another chapter in The Trans-Pacific Partnership and Canada: A Citizens' Guide focused on protections for foreign investors under the TPP. The book was edited by Scott Sinclair and Stuart Trew of the Canadian Centre for Policy Alternatives.