Abstract
In 2018, Canada decided to ratify one of the Free Trade Agreement in AsiaPacific Region, it was the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP). This study aims to analyse Canadian policy to join in the CPTPP useNeoliberalism approach by Balaam & Veseth (2005) to see the benefits gained from the freetrade agreement. As well as the national interest concept from Nuechterlein (1976) toanalyse the interests of Canada in ratified CPTPP in 2018. This research method usesqualitative descriptive, where data was collected through interviews and documentation.The results of this study conclude that the policy to ratified the agreement based oneconomic interests where Canada can diversify export markets, achieve tariff eliminationand market expansion.
Highlights
In 2018, 11 countries signed the Asia-Pacific Comprehensive and ProgressiveAgreement for the Trans-Pacific Partnership (CPTPP), a multilateral free trade agreement formerly known as the Trans-Pacific Partnership (TPP)
Replacing the TPP agreement in which the US has withdrawn from membership, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a significant step towards closer trade and investment relations in the Asia-Pacific region and setting high new standards for regional trade
The research focus is the interests of the Canadian Economy in ratifying the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) in 2018
Summary
Agreement for the Trans-Pacific Partnership (CPTPP), a multilateral free trade agreement formerly known as the Trans-Pacific Partnership (TPP). Replacing the TPP agreement in which the US has withdrawn from membership, the CPTPP is a significant step towards closer trade and investment relations in the Asia-Pacific region and setting high new standards for regional trade. In 2008, the Trans-Pacific Strategic Economy Partnership (TPSEP) changed its name to Trans-Pacific Partnership (TPP) and gained several new member countries such as the United States, Peru, Australia and Vietnam. Before Canada officially joined in 2012, Canada had difficulty entering the negotiating table, because previously Canada had received an offer to enter into the negotiation process at the beginning of the TPP, but Canada refused. Until 2010, Canada began to show its desire to be part of the TPP by becoming involved in the negotiation process as an observer
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