Member countries reaffirm commitment to inclusive, high-standard regional trade with plans for modernisation and expansion
Ministers and representatives from the 12 member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) — Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United Kingdom, and Viet Nam — convened in Jeju, Republic of Korea, to reaffirm their collective commitment to open, rules-based trade in an increasingly uncertain global landscape.
The meeting resulted in a joint statement highlighting shared priorities for 2025 under the theme “Delivering Sustainable Trade and Resilient Growth”. These include:
- Increasing trade through deeper regional integration
- Streamlining trade practices to improve implementation
- Ensuring the benefits of trade are inclusive and sustainable for all
The group noted continued progress on Costa Rica’s accession to the agreement and confirmed support for additional new members that can meet the high standards set by the CPTPP and the Auckland Principles. Members also committed to initiating dialogues with the European Union and ASEAN to reinforce the CPTPP’s position within the global trade framework.
Building on last year’s Vancouver Statement and Canada’s leadership, ministers tasked officials with developing recommendations to modernise the agreement, particularly in the areas of digital trade, financial services, supply chain resilience, customs administration and cross-border services.
The Jeju meeting confirms the CPTPP’s enduring role in fostering economic prosperity and regional cooperation across the Pacific, with New Zealand and fellow signatories playing a central role in shaping its future.
For further information, visit www.dfat.gov.au.
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