Ukraine applies to join CPTPP trade pact
The Ukrainian government has officially requested to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), officials from Japan and New Zealand confirmed to Reuters on July 7.
On July 5, the New Zealand government – the legal depositary for CPTPP – announced that it had received Ukraine's application for the free trade agreement.
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Japanese Minister of Economics, Shigeuki Goto, confirmed this information during a press briefing. He stated that as a participant in the agreement, Japan plans to "must carefully assess whether Ukraine fully meets the high level of the agreement" concerning market access and contractual rules.
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CPTPP members are expected to discuss Kyiv’s request during a meeting in Auckland, New Zealand, on July 16.
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Signed in 2018, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), is a free trade agreement involving 11 countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
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