Friday, 26 October 2018 16:16

CPTPP receives Royal Assent

533 cptpp

The Government of Canada received royal assent to Bill C-79, the act to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) today. Canada will be among the first group of CPTPP countries to bring the agreement into force, thus ensuring the country retains first-mover advantage in many thriving Asia-Pacific markets, including those with whom Canada did not previously have an agreement such as Japan and Singapore. Once the CPTPP is implemented, 99% of Canada’s current exports to CPTPP markets will enter tariff-free.

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