The Agreement has since entered into force for all eleven original signatories. 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, the 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. With the recent addition of the U. The CPTPP membership is open to accession by any economy that is able to meet the high-standard rules and ambitious market access commitments of the CPTPP, demonstrates a track record of compliance with international trade commitments, and garners the consensus of existing CPTPP Parties, subject to negotiations on terms and conditions with the current CPTPP members.
As a result, the CPTPP has the capacity to provide Canada with preferential access to additional markets in the Indo-Pacific region and beyond, as demonstrated by the recent addition of the United Kingdom.
Learn more about each section of the Agreement and their key outcomes through our chapter summaries. Learn more about the CPTPP and how it can benefit you or your business through our various online resources about the Agreement:.
