Five Questions about the Big TPP Negotiations

According to the article (http://www.ctvnews.ca/business/five-questions-about-the-big-tpp-negotiations-1.2587022), there are five key questions regarding what is at stake with the TPP agreement, as follows:

  1. Would the TPP agreement eliminate NAFTA? No. NAFTA would continue to exist, but certain parts would be superseded by the new agreement.
  2. What will happen to Canada’s auto sector? It depends on who you ask. Some auto-parts companies are solidly in support of the new deal, while some are adamantly against it.
  3. Will there be more imports of foreign dairy? Almost certainly. According to some sources, the U.S. has requested and opening of the Canadian dairy market greater than the 2% share that they granted to Europe in the Canada-EU deal.
  4. Will drug prices go up? Possibly. The U.S. is demanding greater protection for pharmaceutical companies as well as longer exclusivity for cutting-edge medical treatments, which could increase prices.
  5. Could this affect Canada’s election? Absolutely. The race is a nail-biter, and depending on how successful the industries affected by the TPP are, the election could go either way.

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