June 2, 2021 – Ottawa, Ontario – Global Affairs Canada
The Government of Canada is committed to diversifying trade and investment with key markets around the world, including in the Asia-Pacific region, as part of its commitment to supporting a strong, resilient, and inclusive economic recovery from the COVID-19 pandemic.
Yesterday, the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, met with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) members to discuss the United Kingdom’s application to join the CPTPP. They agreed to establish an Accession Working Group to begin negotiations with the U.K. on its proposed membership. This was the fourth meeting of the CPTPP Commission and was hosted virtually by Japan.
Expanding ambitious trade agreements, such as the CPTPP, gives Canadian businesses more opportunities to grow in international markets while anchoring their success in Canada.
At the meeting, the members agreed on a joint statement highlighting the importance of expanding the CPTPP through the accession of aspirant economies. Such expansion would promote rules-based trade while creating greater prosperity in the Asia-Pacific region, including through the CPTPP’s high-standard commitments on tariff elimination, labour, and the environment.