Cypher’s President Asked to Provide Comment on the Trans Pacific Partnership

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It is a well-known fact that Cypher Environmental is an active exporter in Canada, with a steady percentage of its sales annually being made up of exports of its soil stabilization, dust control and water remediation technologies. This is why Cypher works so closely with organizations in Canada that are designed specifically to help grow and nurture companies in the country that have a major focus on sales outside of the country, such as EDC (Export Development Canada), CME (Canadian Manufacturers and Exporters) and the TCS (the Canadian Trade Commissioner Service). Therefore it was a natural fit that Todd Burns, Cypher’s President, was asked to be a Witness and address the Canadian House of Commons’ International Trade Committee in view of its pre-study of the Trans-Pacific Partnership Agreement (TPP), in Winnipeg, on April 21st, 2016.

The TPP is a trade agreement among twelve Pacific Rim countries, Canada included, signed on February 4th, 2016 in Auckland, New Zealand, after seven years of negotiations. However, it has not yet entered into force, which is why the Canadian House of Commons’ International Trade Committee is still in consultation with business leaders, organizations and the general public to get their opinion on their views on the TPP. The others that have agreed to the TPP in principle are Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. The agreement is envisioned to boost the members’ prosperity by doing away with barriers to the free flows of goods, services and investment capital. However, certain entities oppose the deal and worry about its impact on their countries’ sovereignty, among other things.

Of course, depending on the specific interest of any given organization and what their goals and aspirations are, the perceived impact of such a far-reaching deal can pose certain question marks. However, considering that it has been predicted that the agreement can open up the market to countries that would collectively make up an estimated 40 percent of the world’s GDP, it certainly appears to be a positive movement for Canadian exporters. Free Trade Agreements with many new markets would certainly open up doors more easily, and help to break down barriers to entry into these new markets for exporters like Cypher, which were echoed in Todd’s remarks to the Committee.

We are always happy to take part and provide our opinions on topics that will have an impact on Canadian business and citizens, and were happy to take part in this event. Please contact us for any opportunities to help promote and support Canadian exporters, we are always happy to have our say!

For More information on the Trans-Pacific Partnership, click here