Last week, the governments of Canada and Australia announced the ratification of the Trans-Pacific Partnership (CPTPP). Canada ratified the CPTPP on October 29, 2018 and Australia on October 31, 2018.
According to the Canadian Minister of International Trade Diversification, Jim Carr, “With the CPTPP, Canada will be the only G7 country with trade agreements with all other members of the G7.”
Canada’s ratification marks the fifth country and Australia’s ratification marks the sixth country to ratify the CPTPP. With six out of the eleven countries that signed the CPTPP ratifying it, the CPTPP will take effect on December 30, 2018, 60 days after Australia’s ratification.
The Canadian press release may be found here:
The Australian press release may be found here:
https://trademinister.gov.au/releases/Pages/2018/sb_mr_181031.aspx
