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Subject: About CPTPP
Content: CPTPP members include 11 countries, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico...

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About CPTPP

Source:Bureau of Foreign Trade, Ministry of Economic Affairs
Revise Date:2022-01-12

CPTPP members include 11 countries, namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, with a population size of nearly 500 million (accounting for 7% of the world); total GDP exceeding USD 11 trillion (13.1% of the world); and trade accounts for over 24% of our country's total trade value.

 

CPTPP's signature and entry into force: It was signed in Chile on 8 March 2018 and entered into force on 30 December of the same year. To date, Mexico, Japan, Singapore, New Zealand, Canada, Australia and Vietnam have completed the domestic procedures and started implementation. Peru has completed its domestic procedure. Chile, Malaysia and Brunei have not yet completed the domestic procedures.

 

CPTPP Agreement details: In addition to trade in goods, it includes trade in services(including telecommunications, financial services), environment, e-commerce, government procurement, competition, state-owned enterprise, small and medium-sized enterprises, intellectual property, labor, transparency and anti-corruption, investment, and so on, a total of 30 chapters: following the withdrawal of the U.S., the implementation of 22 provisions related to intellectual property rights protection and investment was suspended.

Published Date:2021-09-09