The federal government should make the ratificiation of the Comprehensive Economic and Trade Agreement (CETA) and the Trans-Pacific Partnership (TPP) a priority in Canada's 2016 trade agenda. As this latest Graphic Intelligence demonstrates, the importance for Canada of ratifying these two agreements can be seen at a glance. Canada currently ranks 18th in the world in terms of the total size of the markets our businesses have access to through high-quality agreements, beyond the basic access provided by WTO membership. If the CETA and TPP came into force, Canada would move into 4th place, catching up with countries such as Australia that are currently well ahead of us in expanding their trade links. This is not counting the fact that other significant, rapidly expanding economies are likely over time to join the CETA and TPP. For more information, please see "At the Global Crossroads: Canada’s Trade Priorities for 2016," by the Institute’s Daniel Schwanen.
March 2, 2016