In February, I traveled to Vancouver, Winnipeg, Halifax and Fredericton to celebrate the Canadian launch of our new trade agreement with Asia-Pacific countries, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Our new trade deal gives businesses better access to markets in the Asia-Pacific region and half a billion new customers in 11 countries including Japan, Peru, and Vietnam. This means that local farmers, fishers, scientists and manufacturers can more easily seize new opportunities in fast-growing markets in this region of the world.
To help Winnipeggers benefit from Canada’s existing and new trade agreements, our government invested $1.1 billion in programs and services to help business owners and innovators expand their export opportunities, enhance trade services, and help grow their businesses.
In Manitoba, the CPTPP is advantageous for businesses in a number of key provincial industries. For example, this trade deal eliminates tariffs on our province’s main exports, such as agricultural and agri-food products, industrial goods, and aerospace products. This means that Manitoba exports will become more competitive in the CPTPP markets. Barriers to entering the Asia-Pacific market will also be dismantled by providing more transparent and predictable rules for services exports, government procurement, and investments between Manitoba and the Asia-Pacific region.
Our new Trans Pacific trade deal provides businesses in Manitoba and across Canada a competitive advantage. It is a bridge that will enable people, goods and services to be shared more easily with half a billion new customers, creating good, well-paying jobs for the Canadian middle class.