On October 4th, 1987 negotiators completed the Canada-US Free Trade Agreement. Exactly 28 years plus a day later, 12 countries agreed to form the Trans-Pacific Partnership (TPP for short). This is a big deal. The TPP will include Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam. Together, they account for about 40 per cent of global GDP and over 800 million people. The 12 countries are projected to grow even larger and account for 50 per cent of global GDP by 2050. It’s no exaggeration to call this the largest free trade deal in the world.
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