Taiwan's Inclusion in the TPP Could Be Canada's Win

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By Laura Dawson, Jan 12, 2015

The TPP without Taiwan will generate limited economic gains because most countries involved already have free trade agreements with each other.

In trade, the more partners you bring to the dance the better off you’ll be. Canada has quite rightly prioritized the Trans-Pacific Partnership negotiations as the key to increasing its business around the world but the dance doesn’t end there. International trade experts are turning their attention to widening the TPP list. We need to be leaders in extending open trade to economies of the future. Taiwan is key among them.

Taiwan, already Canada’s fourth largest trading partner in Asia, is a natural gateway to China. A country with a strong rule of law, well-educated work force and reliable transportation infrastructure, Taiwan sits at the very centre of all trade in Asia. It should be the next country on the list of TPP countries and Canada should be at the front of the line in promoting its membership.

Simply ask one of the Canadian companies who has benefited from its relationship with Taiwan and the business potential for Canada is clear. McCain Foods Limited, an international leader in the frozen food industry, has found a lucrative market for its products in the bustling country for more than twenty years. 

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