This article ( outlines what the TPP is, why it matters, and what the federal parties are saying about it.

First, the TPP has been in the works for nearly a decade, and will touch on a variety of matters related to the economic policy of twelve countries on four continents. When it is signed, the TPP’s members will account for 40% of global GDP.

The TPP has been particularly contentious in Canada, one of its potential members, because it could mean an end of supply management in their dairy and poultry industries, which restricts the amount of milk, cheese, eggs, and poultry that farmers are permitted to produce. Although Canada has been repeatedly reassured that their supply management will survive, Canada is apprehensive to agree to the deal. However, there is evidence that if Canada does not relax its stance on the issue, they may be excluded from the TPP.

Additionally, the auto sector is bracing for possible changes that may come with the TPP. In particular, Japan has been pushing for more lenient rules to allow Japanese-made vehicles into North America duty-free, with fewer Canadian-made parts.

Furthermore, the TPP could give internet service providers new power to disable or block websites that violate copyright laws. It may also bring an end to rules that block cross-border transfers of data via the internet, or require sensitive personal data to be stored on servers within national borders.

Finally, signing the TPP will likely require multiple concessions from Canada, but conservatives argue that it will open up numerous foreign markets in which Canada had not previously been able to invest or export. The conservative party has relentlessly defended Canada’s participation in the deal, but could lose traction in its re-election campaign if the final TPP agreement hurts the dairy, poultry, or manufacturing industries.