Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

An important trade agreement for the Canadian pork sector, the CPC is asking the government for a timely ratification of the CPTPP.

  • Australia
  • Brunei Darussalam
  • Chile
  • Japan
  • Malaysia
  • Mexico
  • New Zealand
  • Peru
  • Singapore
  • Vietnam

Status 

Signed

  • Agreement was signed in Chile on March 8, 2018

  • Full text of the agreement was tabled in the House of Commons on May 23, 2018.

  • Implementation bill was introduced in the House of Commons on June 14, 2018.

  • A timely implementation is important for Canada to reap the full benefits of the agreement.

Steps to implementation

  • The agreement will come into force 60 days after 6 out of 11 countries pass implementation legislation.

Potential impact on the Canadian pork industry

  • Once the CPTPP comes into force, Canada’s pork sector can expect a significant increase in exports, tariff reductions and a more level playing field with other countries in this partnership.

  • Japan and Vietnam offer the most immediate potential.