Canada released an announcement today that the 12 Pacific-rim
countries negotiating the Trans-Pacific Partnership (TPP) have
reached an “ambitious, complex and comprehensive TPP
agreement.” The 12 TPP countries are Australia, Brunei,
Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,
Singapore, Vietnam and the United States. The TPP countries
represent a total market of nearly 800 million people.
Eighty one percent of Canada’s total exports currently are
destined to TPP member countries. The Canadian Government has
indicated that, through the TPP agreement, Canada will gain
preferential access to growing Asia-Pacific markets, by eliminating
tariffs and other barriers to trade, while bolstering
Canada’s strategic position in the global economy.
The Agreement will eliminate tariffs imposed on products in a
wide-range of sectors, including agriculture and agri-food, fish
and seafood, forestry, metals and mining, and manufactured
industrial goods. The TPP also promises to improve access to
financial, professional, architectural and engineering services, as
well as research and development, environmental, construction
and transportation services.
The Government has stated that the TPP investment chapter will establish “strong rules”
offering investors protections such as fair and equitable
treatment, non-discriminatory treatment, and protections against
expropriation, while at the same time allowing the governments to
legislate and regulate in the public interest.
Canada has indicated that the commitments with respect to
financial services aim to ensure that markets will remain open
for Canadian financial services suppliers, and at the same time,
Canadian investments will be protected. The Government has also
announced that the TPP will create new opportunities and further
develop existing markets in the TPP region for Canadian producers
and exporters of forestry and value-added wood products.
Last week, the Canadian Government had also announced that the TPP will set a
“strong regional standard” for the protection and
enforcement of Intellectual Property (IP) rights, and had indicated
that the agreement would give investors and businesses confidence
that the same IP rules will be applied across the TPP region.
A technical summary of the TPP agreement was
posted on the Department of Foreign Affairs and Development
Canada’s website, with details related to the following
National Treatment and Market Access for Goods
Textiles and Apparel
Rules of Origin and Origin Procedures
Customs Administration and Trade Facilitation
Sanitary and Phytosanitary Measures
Technical Barriers to Trade
Cross-Border Trade in Services
Temporary Entry for Business Persons
State-Owned Enterprises and Designated Monopolies
Competitiveness and Business Facilitation
Small and Medium-Sized Enterprises
Transparency and Anticorruption
Summary of the Tariff Schedule
The Ministers have announced that the text of the TPP agreement
will be released after the technical review, the translation and
the legal review are completed. Before coming into force, the
agreement will have to be ratified by each country. In Canada, it
is expected that the TPP agreement will be tabled during the next
session of Parliament.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
In the inaugural episode of Diversonomics, co-hosts Roberto Aburto and Sarah Willis introduce listeners to the podcast and discuss their experiences with diversity and inclusion in the legal industry. They also outline some of the obstacles the profession faces with respect to adopting new strategies and overhauling old practices.
For episode two of Diversonomics, co-hosts Roberto Aberto and Sarah Willis interview Mark Greenburgh, a partner in Gowling WLG's London office. They discuss the exciting new diversity and inclusion opportunities that have arisen since the combination of Gowlings and Wragge Lawrence Graham, as well at Gowling WLG UK's LGBT OpenHouse initiative.
Mark Greenburgh is a partner in Gowling WLG's London office, with his practice focused on employment litigation. He helps clients find solutions to workplace relationship issues and interpret the special legislation or collective agreements applicable to public sector employees.
Mark is also a Higher Rights Advocate, a Freeman of the City of London, Liveryman of the Worshipful Company of Solicitors, a member of the City of London Employment Law Committee and a Fellow of the Royal Society of Arts.
In episode three of Diversonomics, co-hosts Roberto Aburto and Sarah Willis interview Lorna Gavin, Gowling WLG U.K.’s head of diversity, inclusion and corporate responsibility. In their discussion, they explore the challenges and opportunities of implementing diversity and inclusion strategies across a global firm, while also detailing Gowling WLG U.K.’s various diversity networks.
In a consent order dated November 9, 2016, the Federal Court ordered the setting aside of a Cabinet order requiring a Chinese investor to divest control of a Canadian business for national security reasons.
The Belgian government reached an agreement with Wallonia on October 27, 2016 which allowed Belgium's parliament to support CETA, provided certain conditions are met as outlined in what is being termed the Belgian declaration.
We have previously blogged here on CETA, the trade agreement which is Canada's largest trade initiative since NAFTA and, if implemented, would provide Canadian exporters preferential access to the sizable EU market.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).