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ARTICLE · 13 MARCH 2018

Canada Signs The Comprehensive And Progressive Agreement For Trans-Pacific Partnership

Blake, Cassels & Graydon LLP
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On March 8, 2018, Canada signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), an agreement between the 11 remaining signatories to the Trans-Pacific Partnership ...

CanadaInternational Law
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
Roy Millen
Roy Millen
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On March 8, 2018, Canada signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), an agreement between the 11 remaining signatories to the Trans-Pacific Partnership (TPP) after the United States withdrew from the TPP. Canada was joined in signing the CPTPP by Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

Upon entry into force, the CPTPP will be one of the world's largest free trade agreements, covering countries with economies having a combined GDP of C$13.5-trillion. The entry into force of the CPTPP will see the immediate elimination of customs tariffs on the vast majority of tariff lines, with tariffs on certain select items being reduced gradually in stages. Gaining market access to Japan, Vietnam and Malaysia is of particular significance for Canada, as those countries were not covered by any of Canada's previous free trade agreements, and they are countries that impose steep

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