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Canada becomes 5th nation to ratify Pacific free trade deal

  • October 30, 2018
  • , Kyodo News , 8:07 a.m.
  • English Press

NEW YORK — The Canadian government said Monday it formally ratified a $10 trillion Pacific-wide free trade agreement involving 10 other countries.

 

Japan, Mexico, New Zealand and Singapore already ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership deal, also known as the TPP-11, earlier this year.

 

Formerly known as the Trans-Pacific Partnership, the TPP-11 deal was signed in March after the United States withdrew from the original agreement early last year.

 

It will enter into force 60 days after six signatory countries have ratified the agreement.

 

The Australian Parliament passed legislation earlier this month approving the agreement and is expected to ratify it before the end of the year, along with Vietnam.

 

The other member countries are Brunei, Chile, Malaysia and Peru.

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