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CPTPP to Enter into Force this December

Wednesday, November 7, 2018

(North American Meat Institute)

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the successor to the Trans-Pacific Partnership (TPP), will enter into force December 30, 2018, after Australia became the sixth country to ratify the 11-country trade pact. Canada, Japan, Mexico, New Zealand and Singapore have already ratified the deal. The U.S. withdrew from the TPP in January 2017. The CPTPP will reduce tariffs in economies that together account for more than 13 percent of global gross domestic product, totaling $10 trillion. Brunei, Chile, Malaysia, Peru and Vietnam have not yet ratified the agreement.

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