CPTPP

Mr MacNeil raised concerns about the lack of economic assessments for trade deals, noting that Brexit has resulted in a loss of approximately 4.9% of GDP and that new trade agreements like the US deal would only grow GDP by around 0.2%. He highlighted that such gains are minimal compared to the damage caused by Brexit and argued for comprehensive evaluations of potential benefits from the CPTPP agreement, which he estimated might contribute about 0.1% of GDP without including Japan's already established deal.

He thanked his colleague for securing the debate and expressed enthusiasm about joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), highlighting its economic opportunities for Milton Keynes. He noted that 95% of goods between CPTPP members have tariffs removed, accounting for 13% of global GDP which will increase to 15% upon UK's entry. Everitt emphasised the potential benefits for high-tech industries in Milton Keynes and mentioned support from the Department for International Trade including customs clearance assistance, export insurance, and advice on intellectual property.

The MP highlighted concerns about the lack of impact assessments and negotiating objectives for joining CPTPP. He expressed worries over British sovereignty, exporting jobs, NHS protection, agriculture, environmental standards, human rights, and workers' rights. The contribution detailed potential threats to farming from lower international production standards, risks to environmental protections with palm oil imports, and issues with signing trade deals with countries that commit genocide or permit child labour and forced labour. Tell that to the people who are losing their livelihoods—

The UK's accession to the CPTPP will be part of a push towards free trade and align with foreign policy objectives in the Indo-Pacific region. It is projected to account for 13% of global GDP, potentially rising to over a third if the US joins under the Biden Administration. The agreement will eliminate 98% of tariffs and establish standard rules of origin for supply chain integration. Digital free trade provisions are critical given the UK's role as a services superpower with £150 billion in digital economy value.

Drew Hendry emphasised the lack of assessment for CPTPP, highlighting that UK GDP would see a drop of 0.01% under scenario 2 while New Zealand's GDP would grow by 0.35%. He pointed out that Scotland's rejoining the EU as a full member is crucial for protecting livelihoods and jobs.

The UK exported goods and services to CPTPP countries worth £58 billion in 2019, which is 8.4% of total exports. Imports from these countries were £53 billion, representing 7.3% of the total. The speaker highlights potential for agrifood sector trade with New Zealand and Australia, and advocates for a full debate on CPTPP in the main Chamber along with a meaningful vote. He seeks assurances that businesses can access opportunities under the agreement.

Longhi expressed his support for joining the CPTPP, stating it would strengthen the UK's global position and create new trade opportunities. He highlighted the importance of the agreement for the automotive sector and food and drink industries in Dudley North and other parts of the West Midlands. Longhi also mentioned the benefits of modern digital trade rules and high standards in areas such as environment, animal welfare, and food safety.

The MP welcomed the UK's accession to the CPTPP as an economic opportunity that aligns with post-Brexit trade policy. He emphasised the agreement's potential for expanding access to growing economies such as Canada, Australia, Japan, and Malaysia.

Mr Richard Graham highlighted the importance of joining the trans-Pacific partnership as a strategic move for increasing global trade and investment opportunities, particularly in light of leaving the European Union. He emphasized the benefits beyond tariffs, such as rules of origin, which could significantly improve export prospects for companies like bicycle manufacturers. Graham also addressed concerns about China's role and the need to balance trade with upholding values and human rights. Asked whether it is in Scotland's best interests to push for greater access for food and drink products, including Scotch whisky, under the dialogue partner status with ASEAN and the TPP arrangements.

The MP expressed enthusiasm for the CPTPP's potential to expand trade opportunities for UK farmers, particularly those in her rural constituency of Ynys Môn. She highlighted concerns about protecting domestic standards against cheaper imports and ensuring that rules of origin prevent a floodgate of substandard products from entering the UK market.