UK exports of manufactured goods could increase by over £1bn as the UK joins the CPTPP

Posted on 17 Jul 2023 by The Manufacturer

Yesterday, in New Zealand, Business and Trade Secretary Kemi Badenoch formally signed the CPTPP agreement for the UK, confirming the UK has joined the group.

The CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership), the free trade agreement between the UK and 11 other nations in the Indo-Pacific region will allow tariff-free trading. According to the Department for Business and Trade, UK exports of manufactured goods to CPTPP could increase by over £1bn. Here, Marco Forgione, Director General of the…

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