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

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) entered into force on December 30, 2018, for Australia, Canada, Japan, Mexico, New Zealand, and Singapore; on January 14, 2019, for Vietnam; on September 19, 2021, for Peru; on November 2022 for Malaysia; on February 21, 2023, for Chile, and its last member to join was Brunei on July 12, 2023. 

The CPTPP provides for the elimination of border tariffs for the following goods and products, among others: 

• agglomerated and reduced iron;
• alumina, scrap metal, ammonia, crude steel, aluminium; 
• solar PV modules, solar cells, solar wafers, polysilicon; 
• battery packs, battery cells; 
• anodes, cathodes and electrolysers; 
• heat pumps; 
• electric vehicles and ICE cars.

The CTPP rules of origin determining whether the tariff treatment defined in the Agreement apply notably recognize the following criteria:

• wholly produced or obtained in one of the countries implementing the Agreement
• regional value content representing more than 30% to 55% of the value of the product, depending on the product.

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