The TPP 10, 11, 12

Abstract

Canadian participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was called into question by Canada’s hold-up on signing the draft agreement among the remaining eleven negotiating parties following US withdrawal. This raised the possibility of the CPTPP going ahead as a 10-member agreement without Canada. We ran the numbers on the opportunity costs for Canada compared to the gains of participation. This note builds on our previous studies of the TPP which quantify the TPP12 and TPP11. This helps inform the discussion surrounding the announcement that the TPP11 will go ahead, with Canada’s participation. We report comparable figures for the TPP12, TPP11 (without the United States) and TPP10 (without Canada).

Keywords: Comprehensive and Progressive Agreement for Trans-Pacific Partnership, CPTPP, Canada

JEL Classification: F02, F13, F15