The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement between Canada and 10 other countries: Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The Agreement is in force for all 11 original signatories.
In 2023, CPTPP Parties signed an Accession Protocol with the United Kingdom (UK). The Protocol entered into force for the UK, Brunei, Chile, Japan, Malaysia, New Zealand, Peru, Singapore, and Vietnam on December 15, 2024, and for Australia on December 24, 2024. The Protocol is not yet in force for Canada.
The CPTPP can help your business by:
- reducing or eliminating tariffs on eligible goods
- improving market access for some services
- opening government procurement opportunities in CPTPP member markets
- supporting temporary entry for certain business people and professionals