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UK Accession to CPTPP

22 February 2024

Lead MP

Liam Byrne

Debate Type

Ministerial Statement

Tags

EconomyBrexitForeign AffairsBusiness & TradeStandards & Ethics
Other Contributors: 5

At a Glance

Liam Byrne raised concerns about uk accession to cptpp in the House of Commons. A government minister responded. Other MPs also contributed.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Government Statement

EconomyBrexitForeign AffairsBusiness & TradeStandards & Ethics
Government Statement
Liam Byrne, Member of Parliament for Birmingham Hodge Hill and Solihull North, delivered a statement regarding the report by the Business and Trade Committee on Monday. The report coincided with the reflection period under the Constitutional Reform and Governance Act 2010 concerning the CPTPP. Byrne highlighted the challenges faced in negotiating free trade agreements since Brexit, noting that the UK’s progress towards its pre-Brexit goals is not on track. He cited issues such as the lack of clear economic benefits from deals like the Australia agreement and uncertainties about future negotiations with India. Byrne emphasised the need for transparency regarding CPTPP's potential gains, which are estimated at £2 billion annually by 2040 but may be uncertain due to outdated models used in impact assessments. He also pointed out that while joining CPTPP offers geostrategic benefits, these come with economic uncertainties and limited market access compared to the broader Indo-Pacific region. Byrne stressed the importance of parliamentary scrutiny, recommending a debate on ratification within the 21-day CRaG period.

Shadow Comment

Tan Dhesi
Shadow Comment
Tan Dhesi, Member of Parliament for Slough and Labour MP, thanked the Business and Trade Committee for their work and expressed concerns about the CPTPP agreement. He highlighted Labour's amendments tabled in the Bill Committee regarding workers' rights and investor-state dispute settlement. Dhesi argued that before final ratification, it is crucial to address these concerns to ensure they do not harm national interests.
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