PRINCE GEORGE – Prince George MLAs are expressing their support of the Trans-Pacific Partnership (TPP) Agreement, one of the largest and most comprehensive trade deals in the world. As Canada’s Pacific Gateway, B.C. will benefit from increased bilateral trade between North America and other TPP markets.
“If this agreement were to go ahead without Canada, B.C.’s job creators, exporters and manufacturers would be cut off from selling competitively to millions of new customers around the world,” says Jobs, Tourism and Skills Training Minister Shirley Bond, MLA for Prince George-Valemount. “This agreement is vital to the success of the B.C. Jobs Plan— opening up new markets for B.C. exports, creating new jobs and driving economic growth here at home.”
In the north, forestry is among the industries that stand to benefit from the TPP. The agreement will create new opportunities for forestry companies by expanding existing markets and developing new ones throughout the growing TPP region.
“Japan, Vietnam, Malaysia, Australia and New Zealand currently have tariffs ranging between 2.6 and 40 per cent on B.C. wood exports like spruce, pine and fir lumber, oriented strand and plywood,” says Mike Morris, MLA for Prince George-Mackenzie. “These tariffs would all be eliminated over time – making B.C. forest products more affordable for buyers in member markets.”
On April 14, the B.C. Legislature passed a motion in support of Canada’s ratification of the Trans-Pacific Partnership, to raise awareness of the many benefits the Partnership will have for our province.
As a result of the Trans-Pacific Partnership:
- B.C. exports are expected to increase by $508 million annually ($320 million in exports, $188 million in services).
- B.C. is expected to gain 2,500 jobs.
- B.C.’s GDP could increase by as much as $325 million annually.