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

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CPTPP Market Snapshot
Per capita income
Total Trade
Key Benefits
  • CPTPP removes tariff elimination on an estimated 90% of tariff lines across all members
  • The Legal Text consists of country specific tariff schedules, and one Rules of Origin schedule for all member countries
  • Rules of Origin are product-specific for every tariff line
  • Allows for Cumulation, where production undertaken on a non-originating materials in a member territory can contribute toward the originating content of a good
  • Addresses non-tariff barriers to trade through updated rules in technical standards, sanitary and phytosanitary measures, services and investment
  • Tackles trade issues relevant to the 21st century economy by establishing enforceable rules in areas such as e-commerce and intellectual property
Entry Into Force
  • 30 December 2018 – Mexico, Japan, Singapore, New Zealand, Canada and Australia (initial 6 signatories)
  • 14 January 2019 – Vietnam

Attachments

For more information, please contact Vietnam Trade Office in Canada at Ca@moit.gov.vn