FORT ST. JOHN – Peace River MLAs express 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.
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.
“This agreement will spur economic growth and job creation here at home. Companies like Canfor will gain from this partnership, which will help our region,” Peace River North MLA Pat Pimm said.
“B.C. is Canada’s Pacific gateway and the Trans-Pacific Partnership is one way that we are diversifying our economy,” Peace River South Mike Bernier said. “We’re focused on expanding our markets through industries like forestry and by doing so, we can help people in our region get jobs.”
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.