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

21 July 2022

Proposing MP
Anne-Marie Trevelyan Con
Berwick-upon-Tweed
Type
Written Ministerial Statement
Department
Department for International Trade
View on Parliament.uk -->

At a Glance

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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