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ARTICLE · 17 MARCH 2023

The CPTPP Enters Into Force For Chile – But Mind The Fine Print

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On February 21, 2023, the Comprehensive and Progressive Agreement for Trans‑Pacific Partnership (CPTPP) formally entered into force for Chile, after undergoing an intense, four-year legislative process.

ChileInternational Law
Christophe Bondy
Christophe Bondy
Alexandre Genest
Alexandre Genest
Emmanuel Giakoumakis
Emmanuel Giakoumakis

On February 21, 2023, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) formally entered into force for Chile, after undergoing an intense, four-year legislative process. The CPTPP covers the full range of modern trade agreements, including market access for goods and services, public procurement disciplines, temporary entry, and investment protection, among others. Despite the CPTPP's entry into force, the future of investor-State dispute settlement (ISDS) in Chile remains a point of controversy.

Chile and the CPTPP

Eleven countries signed the CPTPP in Santiago, Chile, on the March 8, 2018, after they, all members of the original Trans-Pacific Partnership (TPP), regrouped and relaunched the TPP as the CPTPP following President Trump's withdrawal of the United States. The CPTPP entered into force on December 30, 2018 for the six countries that ratified it by that date (Australia, Canada, Japan, Mexico, New Zealand and Singapore).

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