Australia has become the sixth country to ratify the
Comprehensive and Progressive Trans Pacific Partnership (CPTPP)
Agreement, after Japan, Singapore, Mexico, New Zealand and
Canada.
The CPTPP will enter into force before the end of this
year with the first tariff reductions taking effect in January
2019.
Immediate benefits to New Zealand exporters in new
markets
The benefit to New Zealand exporters will be immediate,
particularly in those countries with which New Zealand has not
previously had a free trade agreement – Japan, Mexico and
Canada.
All tariffs on New Zealand wine will be eliminated, for example,
including to Canada, which is our fourth largest wine-market. But
preferential tariff access is not automatic - goods will need to
meet the rules of origin requirements and be accompanied by
appropriate documentation.
