Madam Speaker, as the Minister of International Trade and I have said before, because of the way in which the agreement was negotiated, in secret, and the way in which it was thrown upon us during the election campaign, we signed the agreement precisely to give us the time to study the agreement, and we are doing precisely that.
As the Minister of International Trade has said before, the government is currently assessing impacts and conducting an economic study of the TPP. More important, the minister took the engagement to make all assessments and studies public once completed. The government is also reviewing economic analyses of think tanks, academics, and other organizations to help inform the government's view of the TPP. Yes, we have signed it, but ratification is the final stage and we have not made a final decision to ratify.
As the hon. member knows, the TPP was negotiated in secret by the previous government. Our government is therefore focused on consulting with Canadians, a key commitment of the government, and we will analyze the full potential impacts of the TPP. In this context, comments regarding ISDS and IP and other critiques that have been raised are being given serious consideration.
Since November, the Government of Canada has held over 250 consultations in different formats, such as round tables and town halls, with over 400 different domestic stakeholders. This has included all provinces and territories, businesses and industry associations, civil society, think tanks, academics, and labour unions. In parallel, the House of Commons Standing Committee on International Trade is currently studying the TPP and holding its own consultations with Canadians across the country. Those who have views to share are also encouraged to submit written comments to the committee for their consideration.
In our consultations, we have heard varying views of the TPP from different sectors. This is precisely the point of consulting Canadians. For instance, over the past nine months, the government has heard from a range of stakeholders with interests in different areas of intellectual property who have expressed views on the TPP intellectual property outcomes. As a knowledge-based economy, Canadians employ innovative ideas and creative thinking that become the products, technologies, and services that change the way we live. Intellectual property framework is an important element of any knowledge-based economy, and Canada's long-standing approach with respect to intellectual property has been to strike a balance between creators and users.
When it comes to the TPP, the government has also heard views about the potential impact on health care costs in connection with patents for pharmaceutical products. The Minister of International Trade will continue with consultations in line with her mandate letter and work with her colleagues on that question. The Government of Canada is committed to follow through on these commitments.