18 October 2022
Canadian Custom Brokerage

Trans-Pacific Partnership members held their sixth meeting in Singapore

Canada’s Minister of International Trade, Mary Ng, participated in the sixth meeting of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Commission hosted by Singapore.

Minister Ng highlighted the benefits the CPTPP is already providing to Canadian businesses, farmers, exporters, and workers.

Malaysia completed its applicable legal procedures on September 30, 2022 and should begin applying the CPTPP on November 29, 2022.

This week, Chile’s congress voted to approve the CPTPP after four years of legislative debate. It is not yet know when the country’s president will enact the agreement.

At this point Brunei will likely be the last original signatory country to implement the agreement.

The CPTPP is comprised of Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

The United Kingdom is in the process of negotiation adhesion to the Agreement with the original members.

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