The elimination of tariffs under the CPTPP will provide Canadian exporters across a broad range of sectors in all provinces and territories with new opportunities in key foreign markets.
This will be particularly beneficial for exports to Japan, where the elimination of tariffs will give Canada a “first mover” advantage in the market (i.e. over U.S. exporters).
The elimination of tariffs among the parties under the CPTPP will make Canadian products more competitive and will put Canadian products on a level playing field with competitors.
Tariff elimination highlights: Agriculture
Under the CPTPP, Canadian agricultural exporters will enjoy immediate duty-free treatment for a broad range of products, including in:
Japan for pet food, feed barley, blueberries and cranberries;
Malaysia for sugar-containing products, baked goods, apples and prepared potatoes; and
Vietnam for honey, canola seeds and food preparations.
Canada will also benefit from tariff phase-outs for other key Canadian exports such as fresh and frozen beef, pork, maple syrup, icewine, frozen french fries and many others.
The CPTPP will eliminate tariffs on many key Canadian industrial exports upon entry into force, including in:
Japan for aluminum products and plastic tubes;
Australia for construction and agriculture equipment, cosmetics and medical equipment; and
Vietnam for telephones, chemical-reaction initiators and accelerators, and loading equipment.
Canada will also benefit from tariff phase-outs for products such as metals and minerals, chemicals and plastics, and industrial machinery.
Tariff elimination highlights: Forestry
A number of Canadian forest products and value-added wood products will gain duty-free access under the CPTPP, including in:
Japan for lumber, oriented strand board, plywood and veneer panels (tariffs will be eliminated within 15 years); and
Vietnam for newsprint and carton boxes (tariffs will be eliminated within three years) and wood carpentry (tariffs will be eliminated upon entry into force).
