Trans-Pacific Partnership

Customs duties on goods from countries who are part of the Trans-Pacific Partnership will be reduced under a bill passed by the Parliament. 

Oct 26, 2018

The Customs Amendment (Comprehensive and Progressive Agreement for Trans-Pacific Partnership Implementation) Bill 2018 is one of two bills passed to put the Trans-Pacific Partnership into action. The Partnership is a free trade agreement that was signed in March this year by 11 countries, including Australia, Canada, Japan, Mexico and New Zealand.

Supporting the bill in the Senate, Senator Amanda Stoker said, ‘As Australia is a net exporting country, greater access to the international market will not only benefit our farming communities but also enhance opportunities for our manufacturers.’

Although a number of changes were proposed, the bill passed both houses of Parliament without amendment.