Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Certification of Origin:
The Asia-Pacific is now the world’s leading region of economic growth, offering big opportunities for trade and expansion. Canadian businesses can get ahead of the global competition by using the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)—a free trade agreement between Canada and 10 other countries in the Asia-Pacific: Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
Why CPTPP matters
CPTPP is helping to create jobs, strengthen economic relations and boost Canada’s trade with important trading partners. Once fully implemented, CPTPP will form a trading bloc representing 500 million consumers and 13.5% of global GDP, providing Canada with preferential access to key markets in Asia and Latin America.
CPTPP is an ambitious and high-standard free trade agreement covering virtually all aspects of trade and investment. The agreement features ambitious market-access commitments in trade in goods, services, investment, labour mobility and government procurement. The agreement also establishes clear rules that help create a consistent, transparent and fair environment to do business in CPTPP markets, with dedicated chapters covering key issues like technical barriers to trade, sanitary and phytosanitary measures, customs administration, transparency and state-owned enterprises.
Additionally, CPTPP features chapters on the protection of the environment and labour rights, which are enforceable by dispute settlement, to ensure that CPTPP members do not derogate from their commitments in these areas to increase trade or investment. The agreement also includes a variety of chapters aimed at trade-related technical cooperation among CPTPP members, including with respect to small and medium-sized enterprises, regulatory coherence and economic development.
CPTPP also includes an accession process that provides for the further expansion of the agreement’s membership now that the agreement is in force. Any economy that is able to meet the high-standard rules and ambitious market access commitments of CPTPP can seek to join the agreement, subject to negotiations on terms and conditions with current CPTPP members. As a result, CPTPP may provide Canada with preferential access to additional markets in the Asia-Pacific region in the future.
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