TPP trade facts

I read the letters regarding the TPP trade deal and feel it necessary to add to the information provided, as it is incomplete.

I read the letters regarding the TPP trade deal and feel it necessary to add to the information provided, as it is incomplete. To read a summary, in laymen’s terms, go to International.gc.ca and be informed.

Manufacturing will survive, some will be affected and those will be compensated while they adjust. Our many industries will now have access to hundreds of millions of people that account for 40 per cent of the global GDP, aerospace, mining, forestry, construction and fisheries.

The largest part of our economy, the service industry, which accounts for about 70 per cent of our own GDP, will now have access to a major part of the developing world. Services such as banking, finance, insurance and information services in agriculture, mining, architecture and Internet.

The dairy industry’s exposure to foreign markets is only three per cent and all of our standards are remaining, those too will be compensated while they adapt. Other sectors of the agriculture industry are gaining access to huge markets in the beef and grain markets.

In regards to lawsuits, yes, any foreign country, business or investor has and will continue to have the right to sue, as we do, to protect their investments against unfair laws or enforcement of laws that give preferential treatment to domestic businesses in a similar field.

All investors, including Canadians, deserve to have protection for their investments against unfair treatment.

Our rights, our sovereignty, our Internet access is not being sold or given to any foreign entity. Please do not be led astray, read the facts.

Peter SimkinParksville

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