CPTPP: Period of public engagement for the accession for Costa Rica

By IDEAS

The accession of a new candidate will take time and the process will be managed by an Accession Working Group consisting of representatives from CPTPP Parties. It is important to note that decisions taken by CPTPP Parties are taken by consensus. 

The CPTPP is a free trade agreement (FTA) between Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam. It was signed by the 11 countries on 8 March 2018 in Santiago, Chile.

This Agreement is a separate treaty that incorporates, by reference, the provisions of the Trans-Pacific Partnership (TPP) Agreement with the exception of a limited set of suspended provisions. The 11 countries have a shared vision of the CPTPP as a platform that is open to others to join if they are able to meet its high standards.

Under the CPTPP, an importer may make a claim for preferential tariff treatment based on a Certification of Origin completed by: an importer, an exporter, or
a producer.

Unlike other FTAs, under CPTPP this certification does not need to follow a prescribed format, however it must be in writing (including electronic) and must contain a set of minimum data requirements.