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Australia becomes fourth signatory country to ratify CPTPP

Staff Writer | October 17, 2018
The Australian Senate passed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), making Australia the fourth signatory country to ratify the trade deal.
Asia   “It's a big, important day for businesses all around the country”
The CPTPP was passed by the Australian House of Representatives last month.

“It's a big, important day for businesses all around the country, and it’s the product of a Government that gets it,” Australia Prime Minister Scott Morrison told reporters in Canberra.

“It's a process our government was very committed to. When others said this couldn't be done, our government continued on and made sure we could connect Australia to half a billion consumers around the world and some almost 14 trillion USD worth of economies that are there that we can now access,” he added.

It is important that the agreement comes into effect this year, said Australian Minister for Trade, Tourism and Investment Simon Birmingham. “Because that’s going to give the maximum benefit to our exporters, to our farmers, businesses who rely on access to international markets for their goods, for their services, to be able to bring income back here to Australia.”