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Comprehensive and Progressive Agreement for Trans-Pacific Partnership

18 July 2023

Lead MP

Nigel Huddleston

Debate Type

Ministerial Statement

Tags

EconomyTaxationClimateBrexitForeign AffairsBusiness & TradeAgriculture & Rural AffairsStandards & EthicsChildren & Families
Other Contributors: 19

At a Glance

Nigel Huddleston raised concerns about comprehensive and progressive agreement for trans-pacific partnership 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

EconomyTaxationClimateBrexitForeign AffairsBusiness & TradeAgriculture & Rural AffairsStandards & EthicsChildren & Families
Government Statement
The Secretary of State for Business and Trade signed the accession protocol to CPTPP on Sunday 16 July in Auckland. The UK will be the first new member since its creation, joining a bloc with a combined GDP of £12 trillion or 15% of global GDP. Accession sends a signal that the UK is using post-Brexit freedoms to boost the economy and secure its position as the second largest economy in CPTPP. It will provide opportunities for British businesses abroad and support jobs at home, with over 99% of current goods exports to CPTPP countries eligible for zero tariffs. Tariffs on whisky will be eliminated within 10 years and on cars within seven years. The agreement also includes provisions ensuring non-discriminatory treatment and greater transparency for services firms. Notably, the UK and Malaysia will now have a free trade agreement for the first time, providing access to a market worth £330 billion.

Shadow Comment

Helen Morgan
Shadow Comment
The CPTPP contains controversial provisions that could undermine British health and safety standards, environmental protection, and animal welfare. Large companies may sue the UK Government in private if they believe changes to laws or regulations affect their profits. There is no mechanism ensuring imported palm oil is sustainably produced despite deforestation concerns. The agreement excludes eggs from sensitive sectors, potentially allowing imports of products produced under lower welfare standards. Concerns are raised about the long-term impact on British farming and food production, with an estimated increase in GDP by only 0.8% over a decade.
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