"The benefit is going to a combination of access to a wider variety of better quality goods and services, it’s also going to be providing employment opportunities—it’s going to create more export-orientated businesses, more jobs."
Most trade deals include a chapter on services. But a negotiation such as TTIP is also expected to address where regulatory differences are unnecessary barriers to trade in areas such as agricultural products and geographical indicators.
The strategic dimension [of the Trans-Pacific Partnership] is something that the administration has been talking about for a number of years now. You’re seeing the administration really, I think, re-emphasize the importance of the TPP in terms of its leadership and engagement in the Asian region.
A lot of [Keystone pipeline] development is going ahead anyway in Canada, and there have been a few recent announcements towards the end of last year about some fairly substantial enlargement in that part of Canada. A lot of this is going to happen, irrespective of whether Keystone gets built or not. And I think that’s probably part of the message that I would expect the prime minister to give.
The Trans Pacific Partnership really is the opportunity to renegotiate Nafta in the sense of not actually having to open the agreement. Some of the controversy that always surrounded Nafta has continued and now we see it reemerging in the TPP context.