TPP: Canada Facing Major Job Losses and ‘Collapse’ of Farming Industries

Monday, November 9, 2015
By Paul Martin

SputnikNews.com
09.11.2015

Canada could be hit with widespread job losses, while the country’s agriculture industries could collapse overnight under the controversial Trans-Pacific Partnership (TPP) trade deal, an expert in food industries has told Sputnik.

With debate over the potential benefits and impacts of the TPP heating up, there has been much talk about the effects of the deal on local Canadian industries.

Despite claims under the former government that the TPP would provide Canadian industries with a boost, Jim Balsillie, former CEO of Blackberry and founder of Canada’s Center for International Governance Innovation, told local media that the deal could cost Canada hundreds of billions of dollars, calling it the “the worst deal the country has ever signed in its history.”

There are also major concerns over the effects the trade deal will have on Canadian agriculture industries.

Dr Sylvain Charlebois, professor of distribution and food policy at the University of Guelph’s Food Institute in Canada, told Sputnik there were many unanswered questions in the deal.

“I think overall, reading the deal, there are some very strong elements to support Canada’s membership into this partnership. However, there are a lot of unknowns unfortunately, particularly in the area of agriculture.”

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