• By clicking "OK" or continuing to use this site, you agree that we may collect and use your personal data and set cookies to improve your experience and customise advertising. To see how, and to learn how to control cookies, please read our Privacy Policy and Cookie Policy.
OK
Advertisement
In the last month
How Trade Can Serve the American Worker Foreign Affairs01:12 23-Oct-24
New Zealand takes next step in dairy dispute with Canada New Zealand Government (Press Release)12:09 17-Oct-24
Harris’s Chance on Trade The New York Review of Books09:24 13-Oct-24
Opening remarks - Australia-Canada-New Zealand trilateral meeting Prime Minister of Australia (Press Release)01:37 10-Oct-24
view more headlines
28 Oct 09:28

About our CPTPP news

Latest news on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), also known as TPP11 or TPP-11.

The CPTPP is a free trade agreement between 11 countries around the Pacific Rim: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. It has been in place since 2018 and the UK is the first non-founding country to apply to join.

The CPTPP aims to reduce trade barriers and tariffs between its members, and to cooperate on regulations, such as food standards. It covers a wide range of sectors and issues, such as goods and services, investment, intellectual property, labour and environment. However, it is not a single market or a customs union, so countries are not required to have identical regulations and standards, and can strike their own trade deals with others.

The CPTPP represents a major trading bloc comprising 495 million people and a combined GDP of $13.5 trillion⁴ The UK hopes that joining the CPTPP will boost its trade and investment opportunities in the Asia-Pacific region. The government estimates that the CPTPP will increase UK GDP by 0.1% in the long run.


Publication filters

Headline Density

Sorry, no headlines or news topics were found. Please try different keywords.