CPTPP nations have today (Wednesday 2 June) agreed to the UK’s bid to begin the accession process to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The UK will continue to work closely with Japan, as this year’s chair of the CPTPP commission, alongside the other CPTPP nations to progress negotiations as quickly as possible.
International Trade Secretary Liz Truss said:
CPTTP membership is a huge opportunity for Britain. It will help shift our economic centre of gravity away from Europe towards faster-growing parts of the world, and deepen our access to massive consumer markets in the Asia-Pacific.
We would get all the benefits of joining a high-standards free trade area, but without having to cede control of our borders, money or laws.
The government will publish its outline approach, scoping assessment and consultation response before negotiations start in the coming weeks.
Notes of importance: