International trade has proven to be a key driver of economic growth for many nations. In the past, Canada’s economy has seen significant growth by entering free trade agreements with other nations. Free trade agreements build connections between nations and allow them to develop mutually beneficial efficiencies. But while trade potentially carries economic benefits, policy makers need to exercise caution in creating imbalances amongst various industries. While some industries may benefit, others may lose from trade deals. This paper assesses the feasibility of the Comprehensive and Progressive Trans Pacific Partnership (CPTPP) agreement. It evaluates the ways in which this free trade policy impacts Canada and discusses the potential benefits for Canada’s economy. The analysis focuses on 19 countries that are members of the trade pact as well as non-member countries that have expressed interest. These countries combined constitute more than 40% of the world’s gross domestic product (GDP). Moreover, this analysis specifically examines the impacts Japan, Taiwan, the United Kingdom and the United States of America will have on the Canadian economy if the CPTPP proceeds. These four countries are chosen because of their uniqueness and the distinct significant impacts they have on the Canadian economy. The literature review in this report outlines several experts’ opinions on Canada’s current trade policies and on the CPTPP. Additionally, the report analyzes economic theories concerning trade, weighs the cost-benefits for Canadian industries when the CPTPP becomes effective, and explores an econometric model using a gravity model that was developed to better understand multi-national trade agreements such as the CPTPP. The goal of this paper is to analyze the Comprehensive and Progressive Trans Pacific Partnership and evaluate whether this treaty is beneficial for Canada. There are several trade-offs when engaging in trade with other countries and different risks may be incurred. Hopefully, the paper will help analyze the value of this trade pact and determine if this is the suitable agreement Canada needs to grow.