Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

What is the CPTPP?

The CPTPP is a new free trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Once the CPTPP enters into force, it will be one of the largest free trade agreements in the world and will provide enhanced market access to key Asian markets.

What are the benefits of the CPTPP for Canadians?

The CPTPP's markets

Select a country to find market information and to connect with a trade commissioner for exporting advice and contacts.


Australia

Brunei

Chile

Japan

Malaysia

Mexico

New Zealand

Peru

Singapore

Vietnam

Australia

  • Australia is the eighth largest destination for Canadian direct investment abroad, and by far the largest destination in Asia-Pacific ($26.5 billion in 2016).
  • Canada and Australia share a strong and diversified commercial relationship, driven by an increase in two-way investment and trade in services.

Brunei

  • Brunei offers Canadian investors and exporters a potential hub for trade and investment activities in the Association of Southeast Asian Nations region.
  • The Brunei government is keen to attract foreign investment and encourage the development of non-energy sectors.

Chile

  • Between 2015 and 2017, on average, Chile was Canada’s third-largest trading partner in South and Central America.
  • Bilateral merchandise trade between Canada and Chile was $2.9 billion in 2017, an almost four-fold increase since the Canada-Chile Free Trade Agreement (FTA) entered into force in 1997.

Japan

  • Japan is the world’s third largest economy, with a significant consumer market and is a key participant in global value chains.
  • Canada and Japan share common science, technology and innovation objectives. These include facilitating commercialization of new technologies, fostering public‑private‑academic collaboration, and supporting small- and medium-sized enterprises.

Malaysia

  • Malaysia’s economic growth was 4.2% in 2016 and is estimated at 5.4% for 2017. 
  • Malaysia has a growing middle class that will offer an ever more attractive market for Canadian exporters.

Mexico

  • Mexico is Canada’s third-largest trading partner.
  • In 2016, Mexico was Canada’s fifth-largest export market and our third-largest source of imports.

New Zealand

  • Canada was New Zealand’s top foreign investor in 2015 and second largest over the three-year period ending in 2016.
  • Canadian companies are investing in New Zealand commercial property, agricultural farm markets, financial sector, oil and gas, information and communication technology, and retail sectors.

Peru

  • Over the past decade, Peru has been one of the fastest-growing economies in Latin America, with an annual growth rate of 5.5%.
  • Peru has been Canada’s second-largest bilateral trading partner in South and Central America (not including Mexico), on average, between 2015 and 2017.

Singapore

  • Singapore is Canada’s largest source of foreign direct investment (FDI) among South-East Asian countries. Singapore is also Canada’s largest destination for FDI in South-East Asia.
  • Canada and Singapore share science, technology and innovation interests, including improving access to venture capital, fostering public-private-academic collaboration, and supporting small and medium-sized enterprises.

Vietnam

  • Vietnam has been Canada’s largest trading partner in the Association of Southeast Asian Nations (ASEAN) region since 2015.
  • It is a rapidly emerging economy, with a forecasted GDP growth of over 6.3% in 2018.
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