A major priority for Canada’s new prime minister is to reset the relationships with both the U.S. and Mexico. There is a real opportunity for all three countries to recommit to building a North American community. This includes expanding political, security and economic cooperation, as well as greater coordination on issues such as energy and the environment. Further deepening Canada-Mexico ties is one of the keys to strengthening continental relations. The Trans-Pacific Partnership trade deal, which builds on the commitments of NAFTA could also help take North American trilateral integration to the next level.
On October 5, 2015, negotiations concluded on the Trans-Pacific Partnership (TPP), which includes Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the U.S., and Vietnam. The massive Pacific Rim trade pact is scheduled to be formally signed on February 4 in New Zealand, but it will still need to be ratified by each of the member nations. Like other trade agreements that have come before it, the TPP will ultimately fail to deliver on the promise of economic growth and prosperity. The controversial deal poses significant threats to internet freedom, food safety, public health and the environment. It includes NAFTA-style investor rights that allows corporations to sue governments over decisions that may affect their future profits. The agreement contains thousands of pages of legal text and technical language, which covers a lot more than just trade. With the U.S., Canada and Mexico all a part of the TPP, it amounts to a complete renegotiation of NAFTA through the backdoor.
The TPP marks another step towards greater regional cooperation and integration. The U.S.-driven trade deal changes how member countries manage their economies and businesses. It sets the rules for a new global economic order, which would further erode national sovereignty. The TPP together with the Transatlantic Trade and Investment Partnership are part of plans to merge North America with Asia and Europe.
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