UK pressuring Canada to approve Pacific trade pact entry

42
UK urges Canada to ratify its entry into Pacific trade pact



“British Government Urges Canada to Ratify U.K.’s Entry into Pacific Trade Deal

Are Canadian agriculture groups standing in the way of the U.K.’s entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)? A trade official from the U.K. has called on Prime Minister Justin Trudeau’s government to speed up the ratification process, despite opposition from certain sectors in Canada.

The Impasse in Bilateral Talks

The U.K. recently ratified the CPTPP, but they require support from at least six of the 11 member countries to officially join. So far, only Singapore, Japan, and Chile have ratified the U.K.’s accession. Canada, as the current chair of the CPTPP Commission, holds significant influence in this decision. However, Canadian Trade Minister Mary Ng has yet to introduce a ratification bill in the country’s House of Commons.

Jennifer Fagan, from the U.K. High Commission in Canada, emphasized the importance of Canada’s support due to their close relationship as allies. She expressed hope that Canada will act soon, as they were early supporters of the U.K.’s accession. Fagan believes that the U.K. will secure enough ratifications by the end of 2024, but Canada’s involvement is crucial.

Challenges and Controversies

Despite assurances from officials that the issues in bilateral talks are separate from the CPTPP discussions, there seems to be some resistance from Canadian agriculture groups. They argue that the current terms of the agreement do not provide enough market access for Canadian producers, creating barriers for farmers, ranchers, and producers in the country.

While Ng affirms Canada’s general support for the U.K.’s entry into the CPTPP, she remains vague about a timeline for the parliamentary vote. She acknowledges that it is on the agenda but does not provide a specific commitment to a date.

Conclusion: A Delicate Balancing Act

As Canada navigates the complexities of international trade agreements and balances the interests of various sectors within the country, the decision regarding the U.K.’s entry into the CPTPP remains in limbo. It is essential for policymakers to consider the long-term benefits of expanding trade partnerships while also addressing the concerns of domestic industries. Ultimately, finding a middle ground that satisfies both international obligations and domestic interests is crucial for Canada’s economic growth and global standing.”



Reference

LEAVE A REPLY

Please enter your comment!
Please enter your name here