Are you ready to take advantage of the Trans-Pacific Partnership agreement?
The Trans-Pacific Partnership (TPP) free trade agreement, currently being negotiated by Canada, the U.S. and nine other countries whose borders share the Pacific Ocean, is expected to bring a number of economic benefits to importers and exporters on both sides of the ocean.
The agreement’s goal is to open up trade and strengthen economic ties between the countries, spurring economic growth in each participating nation.
Benefits of TPP to businesses
TPP’s main benefit to importers and exporters will be the substantial reduction – and in some instances, elimination – of tariffs on qualifying products moving between member countries. These lower costs will make sourcing from member countries more attractive and should have a positive impact on supply chains across the board.
To learn more about the potential economic impact of TPP, download our guide, “Trans-Pacific Partnership: A trade agreement for the 21st century.”