搜尋結果
- The UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) means it joins a club of 11 other countries which together generate 14% of the world’s income. Prime Minister Rishi Sunak says the agreement puts the UK in “prime position” to grow the country’s economy.
www.weforum.org/agenda/2023/04/cptpp-trade-tariff-brexit-uk/Here’s what you need to know about the CPTPP | World Economic Forum
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Is the UK compliant with the CPTPP?
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2023年7月17日 · 17 July 2023. Following two years of negotiations, the UK has signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership – or CPTPP for short. The signing follows agreement in principle, which was reached back in March. Britain will be the first new country to join the trade area since its creation.
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Published 17 July 2023
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A gateway to growth
CPTPP is a vast free trade area consisting of 12 sovereign countries spanning the Asia Pacific and the Americas, as well as the UK. It is a gateway to the wider Indo-Pacific region, which will account for the majority of global growth and around half of the world’s middle-class consumers in the decades to come.[footnote 1] Joining will strengthen our ties with some of the world’s most dynamic economies, with a combined GDP of £12 trillion including the UK.[footnote 2] Accession puts the UK at the heart of a dynamic group of countries, including Vietnam which is predicted to be one of the fastest growing economies in the next decades.[footnote 3] CPTPP was created to expand and as it grows the UK will stand to benefit from access to new markets. Economies including Costa Rica, Ecuador and Uruguay have formally applied to join CPTPP. Thailand, the Philippines, and South Korea have also expressed an interest in joining. If these economies were to join CPTPP with the UK, the combined 2022 GDP would increase to just over £14 trillion, an expanded group which covered 9% of all UK exports in 2022.[footnote 4] [footnote 5]
Opening new markets for UK service providers
CPTPP is one of the most modern trade agreements in the world, with ambitious services provisions that are ideally suited to the UK as the world’s second largest services provider (2022).[footnote 6] The UK already sells more services than we do goods to CPTPP members, worth £32.2 billion, including £1.9 billion in business services such as auditing, accounting, and legal services to Australia, £1.4 billion in transportation services to Singapore, and £1.5 billion in insurance and pension services to Canada.[footnote 7] [footnote 8] CPTPP puts services and digital trade at the forefront of our trading relationship with countries in the Asia-Pacific. UK businesses will be operating more on a par with local firms and red tape can be reduced, providing greater certainty on our terms of trade. Commitments will also facilitate business travel to CPTPP Parties, providing greater legal certainty for individuals and businesses across multiple sectors and supporting long-term economic growth and investment. Companies such as Standard Chartered and their clients are likely to benefit from smoother access to markets such as Singapore, Malaysia, and Vietnam.
Data flows
Digital trade is creating a new global economy, with remotely delivered services from the UK to CPTPP worth £23.0 billion in 2021.[footnote 9] Data flows are vital for modern trade, enabling everything from more efficient manufacturing and supply chains to more reliable infrastructure. Joining CPTPP will help remove the barriers our companies face like data localisation requirements, ensuring data can flow between the UK and CPTPP members. The City of London Corporation says accession to the agreement will help the UK become a leader in digital trade, with modern rules on data and freer access to each other’s services sectors. The membership is committed to the highest data protection standards, so British business can expand into CPTPP markets with confidence, ensuring that individuals and businesses know their data and intellectual property are safe.
2023年3月31日 · Joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – a free trade agreement between 11 countries – allows the UK to strengthen economic ties with Asia, which is expected to contribute to more than 40 per cent of global GDP in 2050.
UK as a CPTPP member. Reports. The UK concluded negotiations to join the CPTPP on 31 March 2023 and signed the Protocol of Accession on 16 July 2023. Entry into force of the agreement will...
2024年3月22日 · One reason why the gains are expected to be modest is that the UK already has bilateral trade agreements with 9 of the 11 CPTPP countries, Malaysia and Brunei Darussalam being the exceptions. The UK also does a limited amount of trade with CPTPP countries.
2024年3月12日 · In 2023, the UK government signed the accession protocol to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This briefing includes background information on the negotiations for the UK’s membership of the CPTPP prior to
2023年7月17日 · CPTPP will generate long-term benefits for both the UK and CPTPP, support UK jobs and provide opportunities for growth across the UK. Businesses in all parts of the UK are...
