On November 14th, the Government of Canada published in the Canada Gazette, Part II (Volume 152, number 23) a number of new regulations and regulatory amendments necessary to implement the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP).
The CPTPP is expected to enter into force on 30th December for the six countries that have completed the formal ratification process, i.e., Australia, Canada, Japan, Mexico, New Zealand, and Singapore.
The regulatory changes, which have been published as final, include the following instruments:
The Government of Canada decided not to pre-publish these implementing regulations in the Canada Gazette, Part I for a period of public review and comment. In comparison, the equivalent regulatory changes necessary to implement the Canada-EU Comprehensive Economic and Trade Agreement (CETA) were pre-published for a public review period of 15 days (see e.g., Canada Gazette, Part I, Vol. 151, No. 28 (15 July 2017). Various reasons for the decision to forego the pre-publication and public review process are provided in the explanatory notes of the above-referenced instruments.
Tereposky & DeRose LLP regularly provides advice on the interpretation, implementation, and application of the provisions of international trade agreements, including the CPTPP, the CETA, the NAFTA, and the forthcoming USMCA. Should you have any questions regarding potential opportunities under these trade agreements or any other trade related issues, we are at your disposal.
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