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

Just Posted

Third delivery of building units for 222 Corfield in Parksville arrives April 26

Vehicles should expect intermittent, single-lane alternating traffic

City of Parksville to look into cost, process of beach cleanup

Cleanup would include removing rotten logs, adding sand

BC Ferries to pilot selling beer and wine on select routes

Drinks from select B.C. breweries and VQA wineries to be sold on Swartz Bay to Tsawwassen route

RCMP ask Parksville Qualicum Beach businesses for help battling thieves

‘With your assistance forensic evidence could be located for prosecution’

VIDEO: Alberta man creates world’s biggest caricature

Dean Foster is trying to break the world record for a radio show contest

Parents of 13 who tortured children get life after hearing victims

One of their daughters fled their home and pleaded for help to a 911 operator

Flooding, climate change force Quebecers to rethink relationship with water

Compensation for victims of recurring floods limit to 50% of a home’s value, or a maximum of $100,000

Storms blast South, where tornadoes threaten several states

9.7 million people in the Carolinas and Virginia at a moderate risk of severe weather

Private cargo ship brings Easter feast to the space station

There are three Americans two Russians and one Canadian living on the space station

Notre Dame rector: “Computer glitch” possible fire culprit

The fire burned through the lattice of oak beams supporting the monument’s vaulted stone ceiling

B.C. senior sentenced for sexually abusing special-needs granddaughter

73-year-old Cortes Island man will go to jail for three years

Police probe eight fires set at B.C. elementary school

Nanaimo RCMP say fires appear to have been set intentionally

Howe Sound Queen sailing toward retirement

Vessel now up for auction ends regular runs between Crofton and Vesuvius at the beginning of June

Most Read