Last October, 12 countries—Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam—concluded negotiations with respect to the draft text of the Trans-Pacific Partnership (TPP). In February, each of these countries signed the legally verified text of the agreement. TPP is generally considered to be the most comprehensive regional trade agreement presently in existence. When it is eventually implemented into Canadian law and ratified, it may present significant benefits for Canada’s construction sector. Stakeholders, however, should be cognizant of some potential risks.