Under the CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership), mechanical machinery and components must meet defined rules of origin that specify how much raw material and input must originate from CPTPP member countries in order for the product to qualify for preferential tariff treatment.
Source: https://www.investopedia.com/terms/c/cptpp.asp
Tools that match this term
You might also be interested in these terms
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.
Weekly: Top news, industry facts and insights from the world of logistics – free.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.