The finalized TPP opens up 3.25 per cent of Canada's dairy market to foreign products. Right away, Stephen Harper announced that his cabinet has approved a plan to spend a hefty $4.3 billion in compensation to soothe the vocal dairy industry. It would be another whole day before Harper announced the significantly lower $1 billion in compensation for the auto sector. Canada just entered the global tax subsidy race, and the dairy industry got the first golden egg.
This week, it was announced that an agreement on the TPP had been reached, although few details were forthcoming. For more than 10 years, experts on North American economic integration have been calling for a deepening of the NAFTA. The TPP offers such an opportunity. Canada would be foolish to miss it.
The bottom line with the Trans-Pacific Partnership for Canada is that it really doesn't have a choice about whether or not to join. The Americans and Mexicans are joining and they're taking the North American market i.e. Canada's market, the source of its prosperity, with them -- whether or not Canada agrees. The TPP will turn North America from a privileged table for three, which Canada has more or less had to share only with Mexico, into a crowded sauve qui peut la vie table for 12.