Trans-Pacific Partnership (TPP) – United States of America

United States (2014)

GDP ($ billions): 19,238.6
GDP per capita ($): 60,300
GDP growth rate (%): 2.4
Consumers (millions): 319.0
U.S.’s Main Imports (from the world): Mineral fuel, oil; machinery and mechanical appliances/parts; electric machinery; vehicles; optic/photo/medic or surgical instruments

Canada's merchandise exports to the U.S. (2012−2014 annual average) (value in millions of Canadian dollars)
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Canada's merchandise exports to the U.S. (2012−2014 annual average) (value in millions of Canadian dollars)

  • Agriculture and Agri-food (23,372.1)
  • Fish and Seafood Products (2,773.0)
  • Forestry Products (18,158.2)
  • Petroleum Products (111,288.4)
  • Passenger Vehicles (46,070.4)
  • Other Industrial Products (134,731.5)

Canada and the United States are each other’s largest trading partners. The United States is Canada’s largest export destination, with an average of $336.4 billion worth of Canadian merchandise exported annually between 2012 and 2014. Two-way investment was valued at $670 billion in 2014.

Complementing Existing Access through NAFTA

The TPP complements and builds on the North American Free Trade Agreement (NAFTA), under which Canada benefits from preferential market access into the United States.

By preserving value chains and the integrated North American production platform, the TPP will protect and create jobs, generate economic opportunities and ensure financial security for Canadians.

Beyond Tariffs

Through the TPP, Canadian businesses will benefit from enhanced commercial opportunities in the U.S., particularly through improved market access commitments in environmental services and professional services (e.g. architectural services, foreign legal consulting).

The TPP will also result in significant supply chain benefits. 

For example, rules of origin in the TPP protect and support the integration of North American supply chains, giving Canadian producers and processors an enhanced ability to export to all TPP countries.

These provisions will also encourage American producers to use Canadian ingredients, parts and materials when producing goods that are exported preferentially to other countries under the TPP.

Through our government procurement outcome with the U.S., Canada has achieved new market access (including access, for the first time, to the procurement activities of six major regional power authorities, such as the Tennessee Valley Authority), more opportunities for contracts for Canadian companies, the modernization of rules to make procurements more efficient.