The UK has today officially joined CPTPP as a fully-fledged member, potentially boosting the UK economy by £2 billion a year in the long run. CPTPP is a major trade bloc whose members - Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and now the UK – have a combined GDP of £12 trillion.

ASEAN is one of the fastest-growing parts of the global economy, with 700 million people, and many nations with strong and resilient economies. There is a real appetite to engage with the UK. As we rightly pivot back to better relations with the EU, we mustn’t lose sight of our need to continually engage with ASEAN…

The global accountancy body – ACCA – is working with the UK-ASEAN Business Council (UKABC) to promote international business and trade in the Middle East and Southeast Asia. The UKABC-led events – where ACCA is principal sponsor – will see government, business, and trade leaders discuss issues that matter to businesses looking to enter and extend their commercial footprint in the region.

UK Trade Minister signs trade pact designed to boost trade and investment with Thailand and open the country up to British businesses.

The UK has secured the sixth and final ratification required to trigger our accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) before the end of this year. CPTPP is a free trade area spanning five continents and almost 600 million people once the UK joins. Following Peru’s ratification of our deal to join the bloc, the agreement will now officially...

After five years of negotiations, the UK and 90 other countries have finalised the E-Commerce Joint Initiative at the World Trade Organization (WTO), which will make trade faster, cheaper, fairer and more secure. It will help British businesses, workers and consumers seize the opportunities of global digital trade, which is estimated by the OECD to be worth around £4 trillion and growing.

On 28th June 2024, Ambassador Teodoro Locsin Jr. welcomed Mr Ian Gibbons, Chief Executive of the UK-ASEAN Business Council (UKABC), to the Philippine Embassy in London. Their meeting focused on enhancing the Philippines-UK bilateral relationship, particularly through bolstering two-way trade and investment. Ambassador Locsin extended an invitation to British businesses, encouraging them to invest in one of the fastest-growing economies in Asia.

The UK Mission to ASEAN and the ASEAN Secretariat launched the ASEAN-UK Economic Integration Programme (EIP) in Jakarta to foster economic growth in the region.

UK food and drink exporters are toasting success this Christmas as demand from consumers in CPTPP, the massive trade bloc in the Indo-Pacific the UK signed up to in July, has boomed ahead of the festive season.

Latest figures show toy and bike exports are worth £640 million, with CPTPP membership to make it even easier for British businesses to export children’s presents to the region next Christmas.

Business and Trade Secretary Kemi Badenoch is in San Francisco today [Wednesday 15 November] to meet Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Ministers in-person for the first time since she was in New Zealand to sign the deal on the UK’s membership in July.