The Trans-Pacific Partnership (TPP) Agreement is a free trade agreement (FTA) seeking to establish new trade and investment opportunities for 11 countries on the Pacific Rim: Australia, Japan, Canada, Mexico, New Zealand, Singapore, Peru, Chile, Vietnam, Malaysia and Brunei.

The TPP will reduce customs tariffs on a range of goods and will offer comprehensive trade provisions concerning trade in services, investment and the environment.

The TTP was ratified and is now in force effective from 30 December 2018, in accordance with the Customs Act 1901 and the CPTPP Rules of origin.

The rules are contained in the following link, listing the full required details in order to claim duty free status.

https://www.abf.gov.au/free-trade-agreements/files/tpp-11-importers-guide.pdf

If you import or export to any of the parties included in the TPP agreement and want to know more about how this agreement may benefit you, please contact your ICAL representative.