The Department for Business and Trade’s Free Trade Agreement Utilisation Team has created a series of guidance documents explaining the benefits of CPTPP and how companies can utilise the agreement, including guidance on proving rules of origin, accessing simpler customs, and benefiting from zero tariffs. There is also detailed information on different sectors and market opportunities and the steps companies need to take to utilise the agreement.

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.

UKABC was delighted to host HMTC Martin Kent and David Johnstone from the Department for Business and Trade for a tour de force covering updates on ASEAN and the wider Asia Pacific region from both a bilateral and wider regional political and commercial perspective.

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

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.