TPP Talks Dead In The Water, BMO's Doug Porter Says

The controversial Trans-Pacific Partnership (TPP) agreement may be crucial for Canada’s economy, but it’s unlikely to close anytime soon, says one of Canada’s top economists.

The multilateral talks — involving hundreds of negotiators from 12 countries over an agreement that would create one of the world’s largest free trade areas — have stalled. There have already been more than 20 rounds of negotiations, the details of which have been kept secret.

Doug Porter, chief economist at Bank of Montreal believes the chances of talks settling outstanding issues are slim.

“I’m not optimistic on those talks at least not over the next three years or so,” he said during a panel discussion for the Toronto Region Board of Trade.