Comprehensive and Progressive Agreement for Trans-Pacific Partnership

(asked on 14th April 2023) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what benefit joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership will have for the economy.


Answered by
Nigel Huddleston Portrait
Nigel Huddleston
Financial Secretary (HM Treasury)
This question was answered on 24th April 2023

CPTPP will act as a gateway to the Indo-Pacific, one of the most dynamic and fastest growing regions on earth.

The Indo Pacific is expected to account for the majority of global growth by 2050.

CPTPP will grow almost 40% faster than the EU, over the next three decades.

And membership of the bloc will enhance access to a market of over 500m consumers for the UK's goods and services.

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