Trade with Pacific nations

Today, one year after our departure from the EU, the UK has formally applied to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) – a trading partnership that accounts for £9 trillion of trade and provides access to some of the fastest-growing markets in the world.

This demonstrates the UK’s ambition to champion global free trade and bringing enormous economic benefits for the people of Britain.

  • As Global Britain looks to continue to grow our economy and build back better, joining the CPTPP presents the next opportunity for UK companies to deepen ties with the fastest-growing markets in the world.
     
  • That is why the UK has formally applied to join the CPTPP, which covers a market of around 500 million people and generates 13 per cent of the world’s income. By joining this fast-growing free trade area, we will be able to support and create high-value jobs across the UK.
     
  • Britain is seizing the opportunities presented by Brexit to extend new friendships and partnerships across the world, supporting our companies with lower tariffs and increased access to exciting new markets.

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