The Department for Business and Trade has launched a period of public engagement to seek views on how CPTPP can remain a ‘gold standard’ trade agreement
The UK signed up to the vast CPTPP trading group last July, kickstarting the UK’s membership of a modern and ambitious trade deal spanning 12 economies across Asia, the Pacific, and Europe when the UK accedes. With the UK as a member, it will account for almost 15% of global GDP in 2022.
CPTPP was conceived as a living agreement, designed to evolve to maintain its high standards. In November, CPTPP members, including the UK, reaffirmed their commitment to a General Review of the agreement. The review process will seek to keep the agreement at the cutting-edge of international trade.
We are now seeking views from businesses, individuals, and other interested stakeholders on how the deal could be enhanced through this General Review process. As the first new member, the UK will be able to help shape the future of the agreement and play a key role in setting the rules of the global economy.