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Comprehensive & Progressive Agreement for Trans-Pacific Partnership (signed)
19 Mar, 2018

On 8 March 2017, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was signed in Santiago. The signatories of the CPTPP are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

Background information:

The Trans-Pacific Partnership (TPP) was originally signed on 4 February 2016 by 12 parties: the 11 CPTPP signatories, plus the United States. On 30 January 2017, the United States notified TPP signatories of its intention to not ratify the TPP, effectively withdrawing from the TPP.

The new free trade agreement CPTPP incorporates, by reference, the provisions of the Trans-Pacific Partnership (TPP) agreement, with the exception of a number of provisions pertaining mainly to intellectual property and investor-state dispute settlement. However, the application of these provisions will be suspended once the CPTPP comes into force and will be suspended until all the parties decide otherwise.

Further developments of the Agreement will be reported.

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