U.S. Ambassador to Canada Bruce A. Heyman issued the following statement regarding today’s signing of the Trans-Pacific Partnership Agreement in Auckland, New Zealand:
“Today the United States, Canada, and 10 other Pacific nations signed the Trans-Pacific Partnership (TPP), a high-standard agreement that covers roughly 40 percent of global GDP and will enable North America’s economies to thrive along with the fastest growing markets all along the Pacific Rim.
“As the largest regional trade agreement negotiated to date, TPP will help small businesses grow faster, create more jobs, and pay higher wages. The agreement also includes strong and enforceable provisions that will promote higher labor standards in TPP countries.
“These higher standards will pave the way for a race to the top, providing other nations an incentive to raise their standards and giving North American workers and businesses a fair shot in one of the world’s fastest-growing regions.
“The TPP will contribute to an international response to the global environmental challenges we face. It includes more robust enforceable environment commitments than any trade agreement in history. The TPP will give us ways to effect real-world change and to address environmental challenges and crises that threaten ecosystems, livelihoods, and economies.”
U.S. Embassy Ottawa