Commons Sense

House of Commons · Written Ministerial Statement

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTTP): Update

21 July 2022 · Department for International Trade

Proposed by Anne-Marie Trevelyan Con Berwick-upon-Tweed

Business & Trade

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • The UK is making progress towards joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
  • The Department for International Trade will continue negotiations with CPTPP members in the coming months.
  • Once the agreement is signed, it will be subject to pre-ratification scrutiny under the CRaG Act.

Issue summary

The statement updates Parliament on the progress of the UK's accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Action requested

The Department for International Trade will continue negotiating with CPTPP members over the coming months, aiming to join the agreement as soon as possible. Once signed, the agreement will undergo pre-ratification scrutiny under the CRaG Act and any required legislation will be passed.

Key facts

  • The CPTPP represents around £9 trillion in GDP.
  • Accession could see 99.9% of UK exports being eligible for tariff-free trade with CPTPP members.
  • The UK began formal negotiations on its accession in June 2021.
  • The final phase of the accession process involves applicants making high-standard market access offers to CPTPP Parties.
  • The UK submitted initial offers in March 2022.
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