07 February 2016
A quick check of the facts, however, suggests another story. B.C. did indeed do 63 per cent of its export trade with TPP nations in 2015, but the great part of it was with the United States (52 per cent) and we already have a comprehensive trade agreement—the NAFTA—with the U.S. Only 12 per cent of B.C.'s exports go to other TPP nations, almost entirely to Japan. Potentially losing a portion of 12 per cent could hardly be described as "shut out."
The province's second biggest trading partner is China (17 per cent) which, of course, is not party to the agreement.
Ms. Clark's hyperbole is not, I hope, typical of arguments in favour of the TPP although, as I discussed in my previous post, the agreement appears to be a great deal less than what its proponents would have us believe.
Posted by Bill Longstaff at 12:03 am