Key Benefits
- CPTPP eliminates tariffs for 94% of Singapore’s exports to CPTPP markets.
- The Legal Text consists of country specific tariff schedules, and one Rules of Origin schedule for all member countries.
- Rules of Origin are product-specific for every tariff line.
- Allows for Cumulation, where production undertaken on non-originating materials in a member territory can contribute toward the originating content of a good.
- Addresses non-tariff barriers to trade through updated rules in technical standards, sanitary and phytosanitary measures, services and investment.
- Tackles trade issues relevant to the 21st century economy by establishing enforceable rules in areas such as e-commerce and intellectual property.
Entry Into Force
- 30 December 2018 – Mexico, Japan, Singapore, New Zealand, Canada and Australia (initial 6 signatories)
- 14 January 2019 – Vietnam