UK to Start Formal Talks to Join Trans-Pacific Trade Deal

June 8, 2021 IISD 0 Comments

The signatories to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have signed off on the UK’s request to begin negotiations to join the trade deal, which marks the first CPTPP accession process since the Pacific Rim pact entered into force in December 2018.

“The commencement of an accession process with the United Kingdom provides an opportunity to advance the CPTPP’s high-standard rules for the 21st century and further promote free trade, open and competitive markets, and economic integration in the Asia-Pacific region and beyond,” said the 11 CPTPP signatories in a joint statement on 2 June 2021. Read More.

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