One of the aspects of the TPP that our processors and refiners see a real benefit in, and it is linked to imports, is rules of origin. Under this regional agreement it allows food processors to use ingredients from 12 different countries, and then have preferential access to ship the finished product to any of the 12 countries. The agreement could also help boost exports of finished oil products that contain canola, like margarine and shortening, but that margarine and shortening would be blended, and would be blended with imports such as palm oil. Through the TPP we'll be able to source palm oil from places like Malaysia, for example, and then sell even a more highly value-added product to the United States without any duties. That's an example of where, again, it's maybe not directly linked, but it's more on the rules-of-origin aspect of the TPP. You can import a product from Malaysia, blend it with canola oil here in Canada, and then sell it to the United States duty-free.
On April 21st, 2016. See this statement in context.