Peru has now ratified the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Being the sixth member, it means we are now finally set to formally join. Over 99% of current UK goods exports to members will be tariff-free once the deal enters into effect. It will boost the UK economy by a stonking £1.8 billion – and that’s only the start…
After a 21-month negotiating period under the Tories the agreement will officially enter into force by 15th December 2024. Taking the value of the trading partnership from £9 trillion to £11 trillion…
An official 2023 report found CPTPP investment accounted for:
The deal will now come into force with each extra member in real time as they ratify. Remainers, including one sitting in Downing Street, will be heartbroken…
Craig Beaumont, executive director of the Federation of Small Businesses:
“Business sentiment is now closer to dismay than confidence.”