The rules and commitments of the TransPacific Partnership Agreement will extend far beyond that of any existing multilateral free trade agreement, essentially re-defining the rules of global trade. Canada needs a seat at negotiations toward this ‘new generation’ agreement in order to reap the full benefits of doing business with the emerging powerhouse economies of East Asia, according to a report released today by the C.D. Howe Institute. In Can Canada join the Trans-Pacific Partnership? Why wanting it is not enoughtrade expert Dr. Laura Dawson notes the new trade pact could eventually account for half of global output and 40 percent of world trade. “Membership would position Canada to build trade ties with Asia’s rising economic powers, whose double-digit growth rates far outshine those in the West,” notes Dr. Dawson. “Canada is coming late to the talks. The question now is whether Canada can join the action.”