Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

Monday 14 January, 2019 | By: Department of Foreign Affairs and Trade

About the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)


The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement (FTA) between Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam.

The CPTPP was signed by the 11 countries on 8 March 2018 in Santiago, Chile.

The CPTPP entered into force on 30 December 2018 for:

  • Australia
  • Canada
  • Japan
  • Mexico
  • New Zealand, and
  • Singapore.

The CPTPP will enter into force on 14 January 2019 for

  • Vietnam.

The CPTPP will enter into force for Brunei Darussalam, Chile, Malaysia and Peru 60 days after they complete their respective ratification processes. This website will be updated to reflect the entry into force dates for each of these countries.

This Agreement is a separate treaty that incorporates, by reference, the provisions of the Trans-Pacific Partnership (TPP) Agreement (signed but not yet in force), with the exception of a limited set of suspended provisions. The 11 countries have a shared vision of the CPTPP as a platform that is open to others to join if they are able to meet its high standards.

Importantly for Australia, the CPTPP ensures that the substantial market access package secured in the original TPP is maintained (i.e. covering goods and services market openings and commitments on regulations on foreign investment). This market access package will be implemented among the CPTPP Parties, delivering major new opportunities for Australian exporters, investors and firms engaged in international business. The CPTPP maintains the ambitious scope and high quality standards and rules of the original TPP.

Making the most of the Comprehensive and Progressive Trans-Pacific Partnership Agreement

 

The CPTPP recognises the challenges facing Small and Medium-sized enterprises (SMEs) in establishing export markets, and includes outcomes to help make this task easier in the CPTPP region. Further information may be found here:

Small and Medium-sized Enterprises and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

Other resources available include:

DFAT’s FTA Portal

 

  • The FTA Portal is a comprehensive resource for exporters, and importers of goods and services looking to explore the benefits of Australia’s current free trade agreements and how to apply for preferential treatment under those FTAs.

Guide to using CPTPP to export and import goods

Certificates of Origin


Under the CPTPP, an importer may make a claim for preferential tariff treatment based on a Certification of Origin completed by:

  • an importer
  • an exporter, or
  • a producer

Unlike other FTAs, under CPTPP this certification does not need to follow a prescribed format, however it must be in writing (including electronic) and must contain a set of minimum data requirements. 

FAQ


Exporter and importer frequently asked questions

Other useful information includes:

The full text of the agreement, plus tariff schedules and side letters
CPTPP outcomes including fact sheets

 

This article was originally published on Department of Foreign Affairs and Trade

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