Ahead of the UK’s accession to the CPTPP, the CBI has identified the major priorities for business and what joining means for the UK’s position on the world stage.
On February 1, the UK government submitted its letter of intent to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a 11-member trade bloc in the Asia-Pacific region that makes up nearly 14% of total global GDP. This marked a significant step in the UK’s effort to advance a forward-thinking and independent trade agenda. The CPTPP is made up of established UK trading partners as well as rapidly developing emerging economies who are set to become permanent players i