Lawrence MacAulay likely to support Trans-Pacific Partnership deal

An article in CBCNews (November 10, 2015) titled “Lawrence MacAulay likely to support Trans-Pacific Partnership deal” (http://www.cbc.ca/news/politics/tpp-trans-pacific-partnership-macaulay-1.3312670) describes the current status of the TPP agreement and the support that Canada provides to it. MacAulay considers fair a $4.3 billion compensation package offered by the previous government to dairy, poultry and egg farmers who will face more import competition after the TPP deal. Currently a tough debate is taking place in the US Congress to define the next steps. The members of the agreement have stated that renegotiating is not an option. Canada has requested authorization for tariffs on more than $3.1 billion per year of U.S exports. Will the U.S Congress approve the TPP? At what cost will the 12 members be willing to renegotiate the deal after the U.S Congress position is defined?

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