In July 2023, the UK became the first European country to join the CPTPP bloc, worth £12 trillion. With 500 million people across CPTPP countries, this trading opportunity will boost investment and support thousands of UK jobs.
Yesterday it was announced, Singapore ratified the UK’s membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
Commenting, Sherrie said: ‘’This is welcome news, this deal will benefit businesses in all corners of our country and help deliver on the Conservatives promise to grow the economy. CPTPP membership will ensure 99% of goods traded with the trade bloc will be tariff-free.
These are real steps in helping to grow our economy, create jobs and provide a boost to business as we stick to our plan to ensure a brighter future for the whole of the UK.’’
