VANCOUVER, B.C.--Canadian stakeholders are calling on governments to prioritize the elimination of chokepoints in supply chain and trade in the Trans-Pacific Partnership Agreement (TPP) to unleash the deal's growth potential for all businesses.
The TPP talks, which began in Doha in 2001, are at a continued standstill with all 12 nation participants unable to reach an agreement on at least a dozen chapters. Leaders of Canada's Supply Chain and Logistics industries are calling for a swift settlement on the TPP, which is being referred to as NAFTA 2.0 for the fast-growing Asia Pacific Region, said a release.
As the world's largest free trade zone the TPP would give Canada preferential trade and investment access to dynamic new markets, a coveted "door" of opportunity that may accelerate the currently sluggish economic recovery.
"Trade facilitation measures are critical to the long-term success of the TPP. While the cross-border flow of goods, investments, people and technology has transformed the world, there has been little reform to the supply chain trade since the 1990's", said James D. Phillips, President & CEO of the Canadian American Border Trade Alliance and a panel member on the North American Free Trade Agreement (NAFTA).
"Post 9/11, public security at the U.S./Canada border has taken over and become a priority over the facilitation of low-risk trade, threatening our economic security and in fact creating more harm than good. Other bottlenecks like border delays, inadequate infrastructure and burdensome regulations are barriers that weigh as heavily on trade as tariffs and are inhibiting our industry's potential business future. Ministers must work to ensure these issues are the framework for immediate action once the agreement is signed. We support efforts to move a Competitiveness and Business Facilitation chapter into the agreement," said Phillips.
Informa Canada will be gathering manufacturers, retailers, importers, exporters and other supply chain stakeholders under one roof, at the inaugural Cargo Logistics Canada (CLC) Expo in Vancouver, BC on January 29-30, 2014. "The Trans-Pacific Partnership has enormous potential for the country giving the western region meaningful access to fast-growing markets," says David Tyldesley, CLC Show Director. "We're pleased to be able to offer a unique forum at the CLC to establish the collaborations that will help delegates take full advantage of the TPP supply chain."
James D. Phillips will be speaking about the effectiveness of NAFTA 20 years after its signing, and his perspectives on what the future might hold for businesses at the Cargo Logistics Canada Expo & Conference. To learn more please visit www.cargologisticscanada.com.