Ukraine asks to join CPTPP trade pact

Ukraine asks to join CPTPP trade pact

Ukraine has submitted a proper request to hitch the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to New Zealand, Japanese and New Zealand authorities mentioned on Friday.

New Zealand, which performs the authorized depositary features for the partnership, had obtained a proper accession request from Ukraine on May 5, a New Zealand international ministry spokesperson mentioned.

The subsequent steps within the utility course of can be decided by all members of the CPTPP, who’re attributable to meet within the New Zealand metropolis Auckland on July 16, the spokesperson mentioned.

The CPTPP contains Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, with Britain changing into the twelfth member state. China, Taiwan, Ecuador, Costa Rica and Uruguay all even have requests pending to hitch.

Japan’s financial system minister, Shigeyuki Goto, advised an everyday press convention that Japan, as a CPTPP member, “must carefully assess whether Ukraine fully meets the high level of the agreement” by way of market entry and guidelines.

Source: www.anews.com.tr