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Vancouver Board of Trade supports Trans-Pacific Partnership

(NEWS 1130 Photo)

VANCOUVER – A business advocacy group in BC is applauding a tentative agreement on the Trans-Pacific Partnership between Canada and 11 other nations.

The Vancouver Board of Trade says the pact will provide increased and privileged market access for Canadian exports, services and investments.

Board of Trade CEO Iain Black says the ambitious deal will further deepen BC’s trade ties with the Asia-Pacific region.

He says the TPP will cut regulatory barriers on BC exports from fruit and seafood to wood, forestry products, metals and minerals.

The board of trade also believes the agreement will mean improved BC access to a broad range of services ranging from financial to architectural, engineering, environmental and transportation.

The Trans-Pacific Partnership creates a massive Pacific Rim trading bloc, covering 40 per cent of the world’s economy, 800-million consumers and countries including the United States, Australia, New Zealand, Japan, Peru, Singapore and Brunei.