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ARTICLE · 24 JANUARY 2018

We Have A Deal! CPTPP - What Happens Next?

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The United States withdrew from TPP in January 2017. It is expected that the signing ceremony will take place in Chile on March 8, 2018.

CanadaInternational Law
Cyndee Todgham Cherniak
Cyndee Todgham Cherniak
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On January 23, 2018, Canada and Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam reached an agreement in principle that is the Comprehensive and Progressive Agreement for Trans-Pacific Partnership ("CPTPP") (formerly known as the TransPacific Partnership Agreement, TPP, TTTP-1, and TPP-11). The United States withdrew from TPP in January 2017.  It is expected that the signing ceremony will take place in Chile on March 8, 2018.

It is no coincidence that an agreement was reached on the first day of the sixth round of the NAFTA modernization re-negotiations in Montreal Canada.  Canada and Mexico are both signatories to NAFTA and CPTPP.  The CPTPP evolves many NAFTA provisions.  If the United States withdraws from NAFTA, Canada and Mexico can operate under the CPTPP or may choose to operate under NAFTA without the United States.  Both countries have a new option for bilateral trade.

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