Study: TPP Withdrawal Creates Export Loss for U.S., Gains for Canada

A new study says the U.S. withdrawal from the TPP will cost the nation more than $3 billion in exports.  Meanwhile, the remaining 11 members would enjoy marginal gains from the U.S.’ TPP withdrawal, with Mexico and Canada set to benefit the most.

A study by a firm from Canada told the Global Trade Review this week that TPP-11 would generate an increase of 2.4% in exports among the 11 remaining partners, however, this is just 40% of the increase that would have happened under the original deal that included the United States.  The study says an 11 nation TPP, however, would be better than the original agreement for Canadian agriculture and agri-food, because the sector would no longer compete with the US in TPP markets.

The study says that Canadian beef would benefit from access to the Japanese market without having to share access with the U.S., and that fruit and vegetable exports, processed food products, and pork and poultry would likewise do well.

If you have a story idea for the Washington Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekradio.com