Comprehensive and Progressive Agreement for Trans-pacific Partnership

(asked on 29th January 2025) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on each (a) nation and (b) region of the UK.


Answered by
Douglas Alexander Portrait
Douglas Alexander
Minister of State (Department for Business and Trade)
This question was answered on 3rd February 2025

The UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to support jobs and create opportunities for business growth in every part of the UK. An impact assessment was published regarding the UK's accession to CPTPP and the potential long-run economic impact of the agreement. The analysis detailed the prospective impacts on all the UK’s regions and nations and demonstrated that UK GDP could increase by £2.0 billion every year in the long run.

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