Canada’s Liberal government is reviewing all aspects of a potential Trans-Pacific Partnership trade deal, including a C$4.3 billion ($3 billion) fund for farmers who could be affected, Trade Minister Chrystia Freeland said on Wednesday.
Prime Minister Justin Trudeau’s government, which took power Nov. 4, hasn’t taken a position on the pact it inherited. The administration has vowed to debate it in parliament before any ratification.
"We are a trading nation and we as a government understand the importance of trade for Canada and for a middle-class prosperity agenda," Freeland told reporters in Manila, after lunching with representatives of the 12 TPP nations on the sidelines of the Asia-Pacific Economic Cooperation summit. "Our job now is to carefully review the text and consult with Canadians and stakeholders about it."
Trudeau’s predecessor, Stephen Harper, had approved the fund during the election campaign. Among other changes, the TPP would slightly open Canada’s protected dairy sector.
"I am not going to make commitments for my fellow ministers who are back home in Canada, but let me say we appreciate the importance of compensation," Freeland said.