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 Northern Ireland in its first year of operation.

The UK acceded to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on 15 December 2024.

This comprehensive agreement will support businesses by making it easier for them to trade with CPTPP, and all nations of the UK are expected to benefit.

It will reduce tariffs on some of Northern Ireland’s most-exported products to CPTPP countries, with tariffs of up to 30% eliminated on UK exports of machinery to Malaysia within five years.

Government analysis estimates that the UK’s accession could boost Northern Ireland’s economy by around £70 million annually when compared to 2019 levels, in the long run.