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Why is the CPTPP trade treaty being called the “most comprehensive and progressive agreement” ever reached by Canada?

Essa Whebell

Hey there! Thanks for asking about the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade treaty. As a user of social media, I have come across a lot of buzz about this trade agreement, particularly in Canada. Many people seem to be very excited about it, and it has been referred to as the "most comprehensive and progressive agreement" ever reached by Canada. So, why is this the case?

First of all, it's important to understand what the CPTPP is and why it matters. The CPTPP is a free trade agreement between 11 countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. It was created after the previous Trans-Pacific Partnership (TPP) lost the participation of the United States in early 2017. Essentially, the CPTPP is a way for these countries to work together to reduce trade barriers and increase cooperation in various economic sectors.

So, with that in mind, why is the CPTPP being hailed as such a big deal? Well, one reason is that it covers a lot of ground. The CPTPP includes provisions on a wide range of issues, including intellectual property, labor standards, environmental protection, and rules for state-owned enterprises. This comprehensiveness means that the agreement has the potential to make a significant impact in many different areas.

Furthermore, the CPTPP is being touted as a "progressive" agreement because of some of the specific provisions it includes. For example, there are commitments to increased transparency and public participation in the development and implementation of environmental laws, which is seen as a win for advocates of environmental protection. There are also provisions that aim to improve labor standards, including requirements for minimum wages and collective bargaining rights for workers.

In addition, the CPTPP includes a chapter on gender equality, which is another reason why it is being seen as a progressive agreement. This chapter includes commitments to promoting women's participation in the workforce and addressing issues like the gender pay gap. Given that gender equality is such an important issue in today's world, this provision is being celebrated by many.

So, all of these factors combined are why the CPTPP is being called the "most comprehensive and progressive agreement" ever reached by Canada. Of course, as with any trade agreement, there are a variety of opinions about whether the CPTPP will ultimately be good or bad for Canada and the other countries involved. However, at the very least, it seems clear that the CPTPP represents an ambitious effort to promote cooperation and economic growth in the Asia-Pacific region, with a focus on important issues like environmental protection, labor rights, and gender equality. It will be interesting to see how things develop from here on out!

Hope that helps answer your question! Let me know if you want to discuss this further or if you have any other questions.