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Trade Update: CPTPP and Mexico
28 November 2022
Type
Written Ministerial Statement
Department
Department for International Trade
At a Glance
Issue Summary
The statement updates Parliament on progress in the UK's trade negotiations towards joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and with Mexico.
Action Requested
The minister has provided an update on ongoing discussions, highlighting that CPTPP membership could support business resilience through diversified supply chains. The UK is continuing to build understanding of Mexico’s positions in virtual negotiations across multiple policy areas. No specific future action beyond continued negotiations is proposed.
Key Facts
- Latest round of CPTPP talks took place in Sydney from 10-13 October 2022.
- Malaysia will enter the CPTPP into force on 29 November 2022 after completing ratification process.
- Round two of UK-Mexico trade negotiations covered 29 policy areas over 35 sessions virtually from 31 October to 11 November 2022.
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Assessment & feedback
Summary accuracy