The Comprehensive and Progressive Partnership for Trans-Pacific Partnership
The Comprehensive and Progressive Partnership for Trans-Pacific Partnership (CPTPP) will be a free trade agreement involving 11 countries in the Asia-Pacific region.
Since the United States withdrawal from the Trans-Pacific Partnership (TPP) negotiations in January 2017, the remaining members have continued discussions and re-shaped the agreement under the name CPTPP. The agreement includes Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
The new agreement is a revised version of the TPP, with suspension of a limited number of provisions. The aim of CPTPP is to enhance opportunities for trade and investment between countries in the Asia-Pacific region. For Canada, this will affect many sectors, including financial services, fish and seafood, forestry, agriculture and agri-food, and metals and minerals.
At the end of January, the 11 members of CPTPP concluded discussions in Tokyo, Japan, on a new accord. They expect to have a final agreement signed in March with ratification to follow in 2019.