New Preferential Treatment for Goods Imported from Chile

Trade Update • March 27, 2023

n a Customs Notice, the Canada Border Services Agency (CBSA) has announced new preferential treatment and duty reductions for eligible goods from Chile, that came into effect earlier this year on February 21, 2023. This comes as a result of Chile completing its ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The Order Amending the Schedule to the Customs Tariff (Extension of a CPTPP Tariff to Chile) can be found here.

CTPP

Signed on March 8, 2018, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a trade agreement between Canada and 10 Asia-Pacific countries: Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. Total imports by Canada from the first five countries to join the Agreement grew by 11.3% between 2018 and 2021. The largest growth came in apparel and motor vehicles and parts

Chile officially notified its ratification of the Agreement on December 23, 2022, becoming the ninth country to do so. The Agreement will be fully implemented once Brunei announces its ratification.

Questions about the CPTPP, preferential treatment and duty reductions for your imports? We are always here to help, contact us.