Submission to the Joint Standing Committee on Treaties | November 5, 2018

The Australian Chamber welcomes the Government efforts to liberalise trade to the benefit of the Australian economy. We also appreciate that the Government has considered that a further inquiry into the this treaty is warranted given the recent passage of the enabling legislation for the CPTPP by the Australian parliament.

The CPTPP has also now been ratified by Australia and is expected to enter into force on December 30, 2018 and it is hoped that this might arrest the dramatic decline in exports from Australia to Peru that has occurred in recent years.