BSC_Impacts of the CPTPP agreement on sectors_EN_20180308

Overview of the CPTPP Agreement
After the negotiations of CPTPP ended in late January, 2018, all members are on the way of completing the procedures to sign the Agreement in Chile on March 8, 2018, the Agreement will come into effect from the beginning of the 2019. Currently, the agreement includes 11 countries: Brunei, Chile, New Zealand, Singapore, Australia, Peru, Vietnam, Malaysia, Mexico, Canada, Japan. The market size of CPTPP is USD 499 million.
Fundamentally, the CPTPP retains the original provisions of the TPP agreement. However, CPTPP has two distinct points from TPP: (1) 20 obligations have been suspended (including 11 obligations related to the Intellectual Property Chapter, 2 obligations related to the Government Procurement Chapter and 7 remaining obligations related to 7 chapters which are Customs Management and Trade Facilitation, Investment, Cross-border Services Trade, Financial Services, Telecommunications, Environment, Transparency and Anti-Corruption); (2) strengthening the policy universe and flexibility of regulations by supplementing the new provisions on "withdrawal", "accession", and "revision" of the agreement.