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.
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.
CPTPP members are expected to discuss Kyiv’s request during a meeting in Auckland, New Zealand, on July 16.
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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