In this edition of Graphic Intelligence, we demonstrate the importance for Canada to ratify new trade agreements that would reduce barriers to markets for Canadian-produced goods and services. Ratifying the Trans-Pacific Partnership (TPP) will boost market access for Canadian producers. Click on the button on the top of the graph to see how access to global GDP (based on 2016 data) would improve under the TPP.
Now that the Comprehensive Economics and Trade Agreement (CETA) has provisionally entered into force, Canada currently ranks 10th in the world in terms of the total size of the markets our businesses have access to through high-quality agreements (that include a services component), beyond the basic access provided by WTO membership. If the TPP came into force, Canada would move into 5th place, catching up with countries such as Australia that are currently well ahead of us in expanding their trade links.