Vote Yes
An Act to implement the Protocol on the Accession of the United Kingdom of Great Britain and Northern Ireland to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership
This bill implements the United Kingdom’s accession to the CPTPP in Canadian law by updating references across several Acts and aligning domestic measures with the Protocol. It creates a new preferential tariff treatment for UK-origin goods (CPUKT) with immediate and staged tariff reductions, and technical rounding rules. It modernizes schedules and definitions in the Bank Act, Insurance Companies Act, Trust and Loan Companies Act, Commercial Arbitration Act, and Customs Tariff to reference CPTPP accession protocols and streamline future updates by order in council. It also enables origin cumulation across CPTPP members for UK tariff entitlement and comes into force on a date set by order in council.
This bill materially expands preferential trade with a G7 partner, unlocking export growth, supply-chain integration, and investment while streamlining the legal framework for future accessions. Risks to sensitive sectors and oversight can be mitigated through transparent safeguards and simple, predictable administration.
What is the department’s projected increase in Canadian exports and GDP from UK accession to the CPTPP over the next five years, and which sectors will capture the largest gains?
Given the staged tariff cuts and sensitive products listed in Schedules 2 and 3, what safeguards and adjustment supports are in place to protect supply-managed and food-processing sectors from import surges?
How will the government prevent confusion and compliance costs for SMEs as the new CPUKT overlaps with the existing Canada–UK Trade Continuity Agreement tariff treatment, and will there be a clear, time-bound transition plan?
Expanding preferential trade with the UK increases market access, consumer choice, and competitive pricing, supporting income growth and prosperity.
Tariff elimination and streamlined schedules reduce compliance barriers for traders; order-in-council updates cut legislative bottlenecks for future accessions.
Lower input costs and supply-chain cumulation with a G7 partner incentivize scale, specialization, and competitive upgrading by Canadian firms.
Preferential access to the UK under CPTPP rules and disciplines should lift Canadian goods and services exports and deepen two-way trade.
CPTPP disciplines on investment and services, coupled with tariff certainty, support FDI flows and innovation partnerships between Canada and the UK.
Harmonized definitions and flexible schedule amendments streamline administration and reduce duplicative legislative work, improving regulatory efficiency.
The bill lowers import tariffs but does not reform income, payroll, or business taxes that directly incentivize work or risk-taking.
Bringing the UK into CPTPP is a significant expansion affecting major sectors, supply chains, and investment—well beyond incremental change.
Did we get the builder vote wrong?
Email [email protected]