Chile has formalized its entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) by sending a formal request to New Zealand, the guarantor of the Indo-Pacific trade alliance.
The Chilean Foreign Ministry has notified in a statement «the conclusion of the internal legal procedures», so it expects the agreement «to enter into force during February 2023», once Wellington receives its notification.
«Chile emphasizes that it will continue to work together with its trading partners in the CPTPP forum and other multilateral spaces to improve the standards that regulate investor-state dispute settlement mechanisms, with the aim of providing greater degrees of legal certainty to our trade relations,» it explained.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), also known as TPP11, includes countries such as Australia, Brunei, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
Source: (EUROPA PRESS)
