Member states of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership

Last updated

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership is a trade and economic integration agreement that consists of twelve members. [1]

Contents

Members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership
Member States of the CPTPP.png
Location CPTPP
Created
  • 30 December 2018
Number12 (as of 2025)
Populations580 million

Members

Below is a breakdown of economic information for each member. [2] [3]

MemberEntry into forcePopulationArea (km2)GDP ($)Currency
Flag of Australia (converted).svg  Australia 30 December 201827,629,3007,688,2871.898tn Australian dollar
Flag of Brunei.svg  Brunei 12 July 2023460,3455,76515.783bn Brunei dollar
Flag of Canada (Pantone).svg  Canada 30 December 201841,465,2989,984,6702.582tn Canadian dollar
Flag of Chile.svg  Chile 21 February 202319,629,588756,101.96674.388bn Chilean peso
Flag of Japan.svg  Japan 30 December 2018123,590,000377,9756.572tn Japanese yen
Flag of Malaysia.svg  Malaysia 29 November

2022

34,564,810330,8031.306tn Malaysian ringgit
Flag of Mexico.svg  Mexico 30 December 2018131,946,9001,972,5503.408tn Mexican peso
Flag of New Zealand.svg  New Zealand 30 December 20185,452,630263,310279.183bn New Zealand dollar
Flag of Peru.svg  Peru 19 January 202134,352,7201,285,216566.582bn Puruvian sol
Flag of Singapore.svg  Singapore 30 December 20186,040,000735.6879,980mn Singapore dollar
Flag of the United Kingdom.svg  United Kingdom 15 December 202468,265,209244,3764.282tn Pound sterling
Flag of Vietnam.svg  Vietnam 14 January 2019100,300,000331,344.821.559tn Vietnamese dong

Founding ratification

2018

On 28 June 2018, Mexico became the first country to finish its domestic ratification procedure of the CPTPP, with President Enrique Peña Nieto stating, "With this new generation agreement, Mexico diversifies its economic relations with the world and demonstrates its commitment to openness and free trade". [4] [5]

On 6 July 2018, Japan became the second country to ratify the agreement. [6] [7]

On 19 July 2018, Singapore became the third country to ratify the agreement and deposit its instrument of ratification. [8] [9]

On 17 October 2018, the Australian Federal Parliament passed relevant legislation through the Senate. [10] The official ratification was deposited on 31 October 2018. This two-week gap made Australia the sixth signatory to deposit its ratification of the agreement, and it came into force 60 days later. [11]

On 25 October 2018, New Zealand ratified the CPTPP, increasing the number of countries that had formally ratified the agreement to four. [12]

Also on 25 October 2018, Canada passed and was granted royal assent on the enabling legislation. [13] The official ratification was deposited on 29 October 2018. [14] [15] [16]

On 2 November 2018, the CPTPP and related documents were submitted to the National Assembly of Vietnam for ratification. [17] On 12 November 2018, the National Assembly passed a resolution unanimously ratifying the CPTPP. [18] The Vietnamese government officially notified New Zealand of its ratification on 15 November 2018. [19]

2019

On 17 April 2019, the CPTPP was approved by the Chamber of Deputies of Chile. The final round of approval in the Senate was scheduled for November 2019, after being approved by its Commission of Constitution. [20] However, due to a series of massive protests against the government of Sebastián Piñera, the ratification process was paused.

2021

On 14 July 2021, the CPTPP was approved by the Congress of the Republic of Peru. The official ratification was deposited on 21 July 2021. [21]

2022

On 30 September 2022, Malaysia ratified the CPTPP and deposited its instrument of ratification. [22] [23]

In 2022, the ratification process was resumed after a new Congress and a new President were elected. Despite the public opposition of Gabriel Boric to the treaty before his election as President, the new administration did not interfere in the voting. The CPTPP was approved in the Senate with 27 votes in favor (mainly from the right-wing opposition and some center-left politicians) and 10 against, mostly by members of the ruling coalition. [24] The treaty was deposited on 23 December, once several side letters were negotiated with the other signatories in specific topics considered harmful by the Chilean government. [25]

2023

On 23 February 2023, Boric ratified Chile's entry to TPP-11. [26]

On 13 May 2023, Brunei ratified the CPTPP and deposited its instrument of ratification. [27]

Founding entry into force

The agreement came into effect 60 days after ratification and deposit of accession documents by at least half the signatories (six of the eleven signatories). [28]

2018

Australia was the sixth country to ratify the agreement, which was deposited with New Zealand on 31 October 2018, and consequently the agreement came into force between Australia, Canada, Japan, Mexico, New Zealand, and Singapore on 30 December 2018. [29]

On 15 November 2018, Vietnam deposited accession documents to join the CPTPP. [30]

2019

On 1 January 2019, Australia, Canada, Mexico, New Zealand, and Singapore implemented a second round of tariff cuts. Japan's second tariff cut took place on 1 April 2019. [16]

and the agreement entered into force in Vietnam on 14 January 2019. [16] [19] [31]

2021

On 21 July 2021, Peru deposited the accession documents, and the agreement entered into force in Peru on 19 September 2021. [21]

2022

On 30 September 2022, Malaysia deposited the accession documents, and the agreement entered into force in Malaysia on 29 November 2022. [32]

On 23 December 2022, Chile deposited the accession documents to join the CPTPP. [33]

2023

On 21 February 2023, the agreement entered into force in Chile. [26]

On 13 May 2023, Brunei deposited the accession documents, and the agreement entered into force in Brunei on 12 July 2023. [34]

Accession of the United Kingdom

.mw-parser-output .legend{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .legend-color{display:inline-block;min-width:1.25em;height:1.25em;line-height:1.25;margin:1px 0;text-align:center;border:1px solid black;background-color:transparent;color:black}.mw-parser-output .legend-text{} CPTPP Signatories United Kingdom Crown Dependencies and Overseas Territories Accession of the United Kingdom to the CPTPP.svg
  CPTPP Signatories
  United Kingdom
  Crown Dependencies and Overseas Territories

Background

In January 2018, the government of the United Kingdom stated that it was exploring membership of the CPTPP to stimulate exports after Brexit and had held informal discussions with several of the members. [35] In October 2018, Japanese Prime Minister Shinzo Abe said he would welcome the United Kingdom joining the partnership post-Brexit. [36] Liz Truss, the UK Secretary of State for Trade, expressed in a joint Daily Telegraph article with Simon Birmingham, David Parker, and Chan Chun Sing, the trade ministers of Australia, New Zealand, and Singapore, the intent of the United Kingdom to join the CPTPP. [37]

On 1 February 2021, the United Kingdom formally applied to join CPTPP. [38] The UK is the first non-founding country to apply to join the CPTPP. If successful, Britain would become the second-largest CPTPP economy, after Japan. [39] Japan had expressed support for the UK's potential entry into CPTPP in 2018, [40] and as 4th CPTPP Commission (2021) chair, Japan's minister in charge of negotiations on the trade pact, Yasutoshi Nishimura, expressed hope on Twitter that Britain will "demonstrate its strong determination to fully comply with high-standard obligations" of the free trade accord, and mentioned that "I believe that the UK's accession request will have a great potential to expand the high-standard rules beyond the Asia-Pacific." [41]

In June 2021, the CPTPP agreed to open accession talks. A working group was established to discuss tariffs and rules governing investment and trade, led by Japan. [42]

By March 2023, the United Kingdom was set to join the CPTPP, as the 11 members had reached an agreement to Britain's accession. [43] [44] [45] The UK government also announced it had secured an extension mechanism, which could extend the whole agreement to any Crown Dependency or British Overseas Territory. [46] On the same day, Guernsey and Jersey confirmed their intentions to participate in CPTPP. [47] [48] In May 2023, a UK government spokesman confirmed that "the deal will cover goods trade between the Crown Dependencies and CPTPP countries, with a mechanism to include trade in services in future." [49]

The United Kingdom formally signed the CPTPP trade deal during the 7th CPTPP Commission - or members ministerial meeting - in New Zealand on 16 July 2023, becoming the first non-original signatory and European country to sign the agreement. [50] [51]

Ratification Timeline

Ratifiers

Before 16 October 2024

For those countries who ratified the accession protocol before 16 October 2024, the agreement entered into force from 15 December 2024:

  • Flag of Japan.svg  Japan : Fully ratified the UK's accession and notified New Zealand on 15 December 2023. [55]
  • Flag of Singapore.svg  Singapore : Fully ratified the UK's accession and notified New Zealand on 17 January 2024. [56]
  • Flag of Chile.svg  Chile : Fully ratified the UK's accession and notified New Zealand on 3 April 2024. [56]
  • Flag of the United Kingdom.svg  United Kingdom : Fully ratified its own accession and notified New Zealand on 16 May 2024. [56]
  • Flag of New Zealand.svg  New Zealand : Fully ratified the UK's accession on 4 June 2024. [55]
  • Flag of Vietnam.svg  Vietnam : Fully ratified the UK's accession and notified New Zealand on 1 August 2024. [56]
  • Flag of Peru.svg  Peru : Fully ratified the accession of the UK and notified New Zealand on 28 August 2024. [57] [58]
  • Flag of Malaysia.svg  Malaysia : Fully ratified the accession of the UK and notified New Zealand on 17 September 2024. [59] [60]
  • Flag of Brunei.svg  Brunei : Fully ratified the accession of the UK and notified New Zealand on 16 October 2024. [61] [62]
After 16 October 2024

For those countries who ratified the accession protocol after 16 October 2024, the agreement entered into force 60 days after ratification:

  • Flag of Australia (converted).svg  Australia : Fully ratified the accession of the UK and notified New Zealand on 25 October 2024; trade between Australia and the UK became covered by CPTPP from 24 December 2024. [61]

Unratified

As of December 2024, the following countries are yet to ratify the UK's accession protocol. The agreement will apply to them 60 days after they ratify: [61]

See also

References

  1. ↑ "UK now a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)". www.export.org.uk. Retrieved 22 January 2025.
  2. ↑ thomasbeard (5 September 2024). "The UK is set to join CPTPP". Economist Intelligence Unit. Retrieved 22 January 2025.
  3. ↑ "CPTPP Update: Trade deal now in force for seven signatories, more on the way – Investment Treaty News" . Retrieved 22 January 2025.
  4. ↑ O'Boyle, Michael (25 April 2018). "Mexico's senate ratifies sweeping Asia-Pacific trade deal" . Reuters. Archived from the original on 25 April 2018. Retrieved 9 May 2018.
  5. ↑ Parker, Hon D. (28 June 2018). "CPTPP law in the House as Mexico first to ratify". Beehive New Zealand. Archived from the original on 9 August 2018. Retrieved 30 December 2018.
  6. ↑ "Press Releases: Notification of Completion of Domestic Procedures for the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (TPP11 Agreement)". Ministry of Foreign Affairs of Japan . 6 July 2018. Archived from the original on 3 August 2018. Retrieved 30 December 2018.
  7. ↑ Parker, Hon D. (6 July 2018). "Japan, world's third largest economy, ratifies CPTPP". The Beehive. Archived from the original on 22 October 2018. Retrieved 30 December 2018.
  8. ↑ "CPTPP". Ministry of Trade and Industry Singapore. Archived from the original on 6 August 2020. Retrieved 25 October 2020.
  9. ↑ Parker, Hon D. (19 July 2018). "Singapore becomes third nation to ratify CPTPP". The Beehive. Archived from the original on 22 October 2018. Retrieved 30 December 2018.
  10. ↑ "Australia becomes fourth signatory country to ratify CPTPP". VietnamPlus . 17 October 2018. Archived from the original on 5 June 2024. Retrieved 5 June 2024.
  11. ↑ Morrison, Scott; Birmingham, Simon (31 October 2018). "Australia ratifies the TPP-11". Minister for Trade, Tourism and Investment. Archived from the original on 17 January 2019. Retrieved 30 December 2018.
  12. ↑ Parker, Hon D. (25 October 2018). "New Zealand ratifies CPTPP during trade minister's trip to Ottawa and Washington". The Beehive. Archived from the original on 25 October 2018. Retrieved 30 December 2018.
  13. ↑ "House Government Bill (C-79)". Parliament of Canada. Archived from the original on 2 March 2022. Retrieved 9 June 2024.
  14. ↑ "Statement by Minister Carr on Canada's Ratification of Comprehensive and Progressive Agreement for Trans-Pacific Partnership". Government of Canada. 29 October 2018. Archived from the original on 29 October 2018. Retrieved 30 December 2018.
  15. ↑ McGregor, Janyce (29 October 2018). "Canada ratifies, Pacific Rim trade deal set to take effect by end of year". CBC News. Archived from the original on 30 October 2018. Retrieved 30 December 2018.
  16. 1 2 3 "Timeline of discussions". Government of Canada. 20 February 2018. Archived from the original on 31 May 2024. Retrieved 30 December 2018.
  17. ↑ "Trans-Pacific trade agreement submitted to NA for approval". Voice of Vietnam. 2 November 2018. Archived from the original on 25 February 2020. Retrieved 5 June 2024.
  18. ↑ "NA ratifies CPTPP trade deal". Voice of Vietnam. 12 November 2018. Archived from the original on 25 February 2020. Retrieved 5 June 2024.
  19. 1 2 Parker, Hon D. (15 November 2018). "Viet Nam seventh nation to ratify CPTPP". The Beehive. Archived from the original on 15 November 2018. Retrieved 15 November 2018.
  20. ↑ "Comisiones concluyen el análisis del TPP11 y pasa a Sala - Senado - República de Chile". Republica da Chile Senado (in Spanish). 17 October 2019. Archived from the original on 24 September 2021. Retrieved 19 October 2019.
  21. 1 2 "Pleno aprueba Tratado Integral y Progresista de Asociación Transpacífico". Congreso . 14 July 2021. Archived from the original on 14 July 2021. Retrieved 19 July 2021.
  22. ↑ "Malaysia Ratifies The CPTPP" (PDF). Malaysia Ministry Of International Trade And Industry. 5 October 2022. Archived from the original (PDF) on 14 October 2022. Retrieved 12 October 2022.
  23. ↑ "Malaysia ratifies the CPTPP". Bernama. 10 May 2022. Archived from the original on 8 October 2022. Retrieved 8 October 2022.
  24. ↑ Paranhos, Simona; Reyes, Carlos (11 October 2022). "Senado aprueba TPP11, con votos en contra de parlamentarios oficialistas". La Tercera (in Spanish). Archived from the original on 11 October 2022. Retrieved 11 October 2022.
  25. ↑ Espina, Raúl (12 October 2020). "El último gallito del Gobierno con el TPP11 después de su aprobación en el Senado". El Mostrador (in Spanish). Archived from the original on 12 October 2022. Retrieved 19 October 2022.
  26. 1 2 Portes, Ignacio (23 February 2023). "Chile formally joins TPP-11 multilateral trade alliance". The Brazilian Report. Archived from the original on 19 March 2023. Retrieved 23 February 2023.
  27. ↑ Sato, Fumika (16 May 2023). "Brunei becomes 11th nation to ratify CPTPP trade deal" . Nikkei Asia. Archived from the original on 16 May 2023. Retrieved 17 May 2023.
  28. ↑ Dwyer, Colin (8 March 2018). "The TPP Is Dead. Long Live The Trans-Pacific Trade Deal". NPR. Archived from the original on 8 March 2018. Retrieved 29 November 2018.
  29. ↑ Greenfield, Charlotte (31 October 2018). "Countering global protectionism, Pacific trade pact nears takeoff" . Reuters. Archived from the original on 31 October 2018. Retrieved 5 June 2024.
  30. ↑ VIR, Vietnam Investment Review- (12 November 2018). "Vietnam gets to grips with CPTPP". Vietnam Investment Review - VIR. Retrieved 9 February 2025.
  31. ↑ Elms, Deborah Kay (23 January 2019). "The Unsexy Challenge of CPTPP" . Nikkei Asia. Archived from the original on 23 January 2019. Retrieved 23 January 2019.
  32. ↑ Chung, Hailey (6 October 2022). "CPTPP will come into effect for Malaysia on Nov 29, says Azmin". The Edge Malaysia. Archived from the original on 6 June 2024. Retrieved 6 June 2024.
  33. ↑ "The CPTPP Enters into Force for Chile – but Mind the Fine Print". Steptoe. Retrieved 9 February 2025.
  34. ↑ "CPTPP member countries are 100% operational". World Nation News. 13 July 2023. Archived from the original on 13 July 2023. Retrieved 13 July 2023.
  35. ↑ Gregory, Julia (3 January 2018). "Britain exploring membership of the TPP to boost trade after Brexit". The Guardian. London. ISSN   0261-3077. Archived from the original on 3 January 2018. Retrieved 3 January 2018.
  36. ↑ McCurry, Justin (8 October 2018). "UK welcome to join Pacific trade pact after Brexit, says Japanese PM". The Guardian. Tokyo. Archived from the original on 8 October 2018. Retrieved 8 October 2018.
  37. ↑ Truss, Liz (28 April 2020). "Enemies of free trade must not be allowed to use coronavirus to bring back protectionism". The Telegraph. London. ISSN   0307-1235. Archived from the original on 29 April 2020. Retrieved 9 March 2024.
  38. ↑ "Formal Request to Commence UK Accession Negotiations to CPTPP". GOV.UK. 1 February 2021. Archived from the original on 7 December 2023. Retrieved 9 March 2024.
  39. ↑ David, Dharshini (30 January 2021). "UK applying to join Asia-Pacific free trade pact CPTPP". BBC News . Archived from the original on 30 January 2021. Retrieved 9 March 2024.
  40. ↑ "Brexit: Japan 'would welcome' UK to TPP says Abe". BBC News. 8 October 2018. Archived from the original on 8 October 2018. Retrieved 1 February 2021.
  41. ↑ "Britain to apply to join CPTPP Asia-Pacific free trade bloc". The Japan Times . 31 January 2021. Archived from the original on 31 January 2021. Retrieved 1 February 2021.
  42. ↑ "UK begins process to join Asia-Pacific trade bloc". BBC News. 2 June 2021. Archived from the original on 2 June 2021. Retrieved 2 June 2021.
  43. ↑ Miyamoto, Hidetake (29 December 2021). "Ecuador applies for CPTPP membership to diversify trade" . Nikkei Asia. Archived from the original on 28 December 2021. Retrieved 25 June 2024.
  44. ↑ Lanktree, Graham (29 March 2023). "Britain secures agreement to join Indo-Pacific trade bloc". Politico . Archived from the original on 29 March 2023. Retrieved 29 March 2023.
  45. ↑ "Joint Ministerial Statement on the UK's accession process to the CPTPP" (PDF). Cabinet Secretariat. 31 March 2023. Archived (PDF) from the original on 31 March 2023. Retrieved 31 March 2023.
  46. ↑ "Conclusion of Negotiations on the Accession of the United Kingdom of Great Britain and Northern Ireland to the Comprehensive and Progressive Trans-Pacific Partnership". GOV.UK. 31 March 2023. Archived from the original on 24 July 2023. Retrieved 9 March 2024.
  47. ↑ "Bailiwick of Guernsey to participate in UK's CPTPP free trade agreement". GOV.GG. 31 March 2023. Archived from the original on 31 March 2023. Retrieved 9 March 2024.
  48. ↑ "Jersey included in UK's agreement with the CPTPP". GOV.JE. 31 March 2023. Archived from the original on 31 March 2023. Retrieved 9 March 2024.
  49. ↑ Fernandez, John (31 March 2023). "Guernsey disappointed with UK's CPTTP deal delay". BBC News. Archived from the original on 24 May 2023. Retrieved 9 March 2024.
  50. ↑ "'A significant milestone for UK trade': Britain signs deal to join £12trn Indo-Pacific trading block". Sky News . 16 July 2023. Archived from the original on 16 July 2023. Retrieved 16 July 2023.
  51. ↑ Clinch, Matt (16 August 2023). "Britain signs deal to join £12 trillion Indo-Pacific trade bloc". CNBC. Archived from the original on 16 July 2023. Retrieved 16 August 2023.
  52. 1 2 "Britain set to join trans-Pacific trade pact". CBC News. 30 March 2023. Archived from the original on 31 March 2023. Retrieved 30 March 2023.
  53. 1 2 "CPTPP Fact Sheet: UK Accession" (PDF). Ministry of Foreign Affairs and Trade, New Zealand. 30 August 2024. Retrieved 30 August 2024.
  54. 1 2 Alexander, Douglas (17 May 2024). "UK to join CPTPP by 15 December". GOV.UK. Archived from the original on 29 August 2024. Retrieved 31 August 2024.
  55. 1 2 Trade, New Zealand Ministry of Foreign Affairs and. "Comprehensive and Progressive Agreement for Trans-Pacific Partnership". New Zealand Ministry of Foreign Affairs and Trade. Retrieved 23 December 2024.
  56. 1 2 3 4 Trade, New Zealand Ministry of Foreign Affairs and. "Comprehensive and Progressive Agreement for Trans-Pacific Partnership". New Zealand Ministry of Foreign Affairs and Trade. Retrieved 9 November 2024.
  57. ↑ President of Peru (21 August 2024). "Decreto Supremo que ratifica el Protocolo de Adhesión del Reino Unido de Gran Bretaña e Irlanda del Norte al Tratado Integral y Progresista de Asociación Transpacífico y la Carta Bilateral con el Reino Unido sobre la aplicación del artículo 18.38 respecto al Periodo de Gracia". El Peruano (in Spanish). Archived from the original on 24 August 2024. Retrieved 24 August 2024.
  58. ↑ Editora Perú (23 August 2024). "Peru ratifies protocol for UK's accession to CPTPP". Andina . Lima. Archived from the original on 25 August 2024. Retrieved 25 August 2024.
  59. ↑ "Malaysia Joins Six Other CPTPP Parties On Accession Of The United Kingdom (UK) To The CPTPP, Now An Economic Bloc Of USD15-Trillion GDP" (PDF). Ministry of Investment, Trade & Industry. 20 September 2024. Retrieved 26 September 2024.
  60. ↑ Ng, Jason (20 September 2024). "Malaysia ratifies UK's accession into trans-Pacific trade deal". The Edge Malaysia . Archived from the original on 20 September 2024. Retrieved 22 September 2024.
  61. 1 2 3 Department for International Trade (31 March 2023). "The UK and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)". GOV.UK. Archived from the original on 7 November 2024. Retrieved 7 November 2024.
  62. ↑ "赤澤経済再生担当大臣の会見概要（関連部分のみ）" (PDF). 内閣官房. 25 October 2024. Retrieved 29 November 2024.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.