CPTPP comes into force on 30 December

On 30 December, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) comes into force for the seven countries that have ratified their involvement.

So far, Australia, Canada, Japan, Mexico, New Zealand, Singapore and Vietnam have finalised their membership of the CPTPP, meaning that they will trade under the agreement’s terms from 30 December.

Every CPTPP provision will come into force, including reduced or removed tariffs among the six markets, the opening of sectors as stated in the agreement, and new rules on intellectual property and other regulatory issues.

Four other countries which have agreed to join the CPTPP – Brunei, Chile, Japan, Malaysia and  Peru – have yet to ratify their entry and will not be under the agreement’s terms on 30 December.