CCBC Applauds CPTPP Progress
The Canada China Business Council (CCBC) applauds the conclusion of discussions for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Diversification is necessary for Canada's continued prosperity as a trading nation. The Council has long been supportive of Canada's participation in the Trans-Pacific Partnership, as an agreement that helps Canadian companies focus on Asia as a region is good for Canada. The focus on increased trade with TPP countries will increase the Asia competency of Canadian firms, which will help them do business in many markets, including China.
As CCBC has stressed in our support for a potential economic agreement with China, companies benefit from rules-based systems that make it easier and clearer how to do business and succeed in new markets. Doing business in Asia is complex, and the CPTPP will help reduce complexity.
"The world's middle class is growing rapidly, and the vast majority of these newly affluent consumers will be in Asia. For Canadian exporters, educators, for Canada's tourism industry and for all Canadians from coast to coast, securing enhanced access to these growing Asian markets is critical to the economic health of their businesses and communities," said CCBC President, Graham Shantz.
We congratulate the Canadian government on this achievement and look forward to similar future success with an agreement that includes China.
For more information, contact Laurie Wilhelm, Communications Director, at communications[at]ccbc.com, +1-416-954-3800, x314; or Sarah Kutulakos, Executive Director, sarah[at]ccbc.com, +1-416-294-2990
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*Since 1978 the CCBC has worked to build the economic and commercial relationship between Canada and China to the benefit of Canadian communities from coast to coast. Today over 300 member firms, educational institutions, and non-profit organizations make up our membership. Over 70% of members are small and medium-sized firms.