UK poised to join Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade group later this year as the Trade (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) Act receives Royal Assent.
The agreement is a gateway to the Indo-Pacific, a region set to account for the majority of global growth and around half of the world’s middle-class consumers in the coming decades. It will bring new opportunities for British business, cut red tape for exporters, and support jobs.
Minister of State for Trade Policy Greg Hands said:
This is exciting news for British businesses up and down the country.
My message to the British business community is clear – start looking now at what this deal can do for you, so you are ready to take full advantage of the brilliant opportunities it presents when the deal comes into force.
