UK to Join Trans-Pacific Trade Bloc by December

Published on August 29, 2024

The UK will join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) by December 15, the Department for Business and Trade confirmed on Thursday. The announcement comes after Peru became the sixth and final CPTPP member needed to ratify the UK’s application, after Chile, Japan, New Zealand, Singapore, and Vietnam had backed the deal. The department said it is continuing to work closely with the other five members—Australia, Brunei, Canada, Malaysia, and Mexico—which are in the process of ratifying the deal. Minister of State for Trade Policy Douglas Alexander said, “This is good news for UK businesses, who are now one step closer to being able to take advantage of the opportunities our membership of CPTPP will bring.”...

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