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The CPTPP includes agreement to form a Commission which will meet at Ministerial or senior official level. The Commission's role will include reviewing the economic relationship among the Parties on a regular basis, and supervising the work of committees and working groups established under the Agreement.
CPTPP contains a consultation and dispute settlement mechanism to resolve disputes that result from the interpretation and application of the CPTPP. This allows New Zealand to seek to enforce obligations against the other Parties. Conversely, New Zealand may be held to account if we do not fulfil our obligations.
The mechanism requires Parties to make every attempt to resolve disputes through cooperation and consultations before resorting to a request for the establishment of a dispute settlement panel.
What is New Zealand's role in CPTPP?
New Zealand is named as the Depositary of CPTPP. As Depositary, New Zealand is responsible for various tasks including receiving and circulating specified notifications and requests made under the Agreement.