CPTPP Ratification 2023-11-30

2023-11-30

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Questions & Answers

Q1 Direct Answer
John Martin McDonnell Lab
Hayes and Harlington
Context
MP inquires about the timeline for CPTPP ratification, emphasizing its significance for British businesses and consumers.
What her planned timetable is for the ratification of the comprehensive and progressive agreement for trans-Pacific partnership. We are the first European country to join the CPTPP, and I know how powerful it will be for British businesses and consumers, which is why this Government are progressing legislation as quickly as possible.
We are working at pace to ratify the CPTPP, which we hope to bring into force next year. We are the first European country to join the CPTPP, and I know how powerful it will be for British businesses and consumers, which is why this Government are progressing legislation as quickly as possible, with Second Reading of the Bill having taken place in the other place on 21 November.
Assessment & feedback
Response accuracy
Q2 Partial Answer
John Martin McDonnell Lab
Hayes and Harlington
Context
MP raises concerns about the inclusion of ISDS procedures within treaties, which restricts UK's regulatory autonomy. He suggests a side letter to exclude such procedures.
Across the House, over a period of time, Members working with organisations such as the Trade Justice Movement have expressed concern about the inclusion of investor-state dispute settlement procedures within treaties, because they restrict our own country's ability to regulate. I raised that issue in September and suggested that, as the Government have done with Australia and New Zealand, we agree in a separate letter that the settlement procedure will not be included in this treaty.
It is good to be sparring with the right hon. Gentleman again from the Dispatch Box—we have both had a few ups and downs since we last went head to head. CPTPP does not compromise the UK's right to regulate at all; it expressly preserves the rights of states to regulate proportionately, fairly and in the public interest. It is worth reminding the House that the UK has never lost an ISDS case. Such procedures actually help to protect UK investments abroad.
Assessment & feedback
The specific ask for a side letter excluding ISDS procedure was not addressed directly.
Response accuracy