Understanding the CPTPP and Its Significance for CanadaRead More »
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Understanding the CPTPP and Its Significance for Canada
Views: 347 The CPTPP is a high-standard multilateral free trade agreement among countries in the Asia-Pacific region and the Americas. It originated from the earlier Trans-Pacific Partnership (TPP) but was reorganized when some members withdrew; the “Progressive” part of the name reflects its focus on modern trade issues including services, investment, digital trade, labour and environment standards. When Canada became a party in 2018, the agreement brought Canada into a trade bloc covering more than 580 million consumers and roughly 13-15 percent of global GDP. Key features of the CPTPP include: Elimination or reduction of tariffs on goods among member …
