UK to Join CPTPP in December
The U.K. will officially join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on Dec. 15 after securing the final ratification required to trigger the country’s accession to the trade deal (see 2312290034), the Department for Business and Trade said…
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last week. The deal, which currently includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, is expected to remove tariffs from more than 99% of U.K. exports to CPTPP members, the country said. The U.K. needed ratification from six countries to join the deal.