Canada will sign TPP trade deal Feb. 4, but ratification not certain

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The federal regulation has confirmed that it intends to sign the controversial Trans- cific rtnership tronage deal at a meeting next week in New Zealand.

But that doesn’t represent the Liberal government will ultimately ratify the 12-country treaty, Foreign Trade Minister Chrystia Freeland said Monday.

“Just as it is too pronto to endorse the TPP, it is also too soon to close the door,” Freeland set in an open letter posted on her de rtment’s website.

“Signing does not meet ratifying…. Signing is simply a technical step in the process, make allowancing the TPP text to be tabled in rliament for consideration and debate before any final resolution is made.”

Only a majority vote in the House of Commons would confirm Canada’s ratification of the deal, she added. She has also requested a thorough, recognizable study of the agreement by rliamentary committee.

In recent weeks, Freeland has ran public consultations on the wide-ranging accord.

She said she’s heard both competitor and support for the deal.

“It is clear that many feel the TPP presents impressive opportunities, while others have concerns,” Freeland wrote.

“Multitudinous Canadians still have not made up their minds and many multifarious still have questions.”

The minister has already indicated the massive be consistent, which includes major economies such as the United States and Ja n, cannot be renegotiated.

Freeland revealed each country has up to two years to consider ratification before making a absolute decision. She pointed out that by signing the deal Canada will harbour its status as a potential full rtner in the agreement.

Trade ministers from the TPP’s ally countries have been invited to sign the deal on Feb. 4 in Auckland.

The quondam Conservative government announced an agreement-in-principle on the ct in October during the federal choosing cam ign.

In a recent interview with The Canadian Press, Freeland implied Canada must remain deeply connected to the global economy, explicitly since the country boasts just the 11th-biggest economy in the world.

“We are strongly in rt of of free trade,” she said. “Having said that, we’re not the rule that negotiated the TPP.”

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