ASEAN Articles
£2 billion boost to growth as UK joins major trade group
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.
Promoting UK global accountancy standards to boost Southeast Asia business
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 to join CPTPP by 15 December
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...
UK joins groundbreaking global digital trade agreement
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.
Economic ties with Southeast Asia strengthened as Foreign Secretary makes first visit to Indo-Pacific
In Vientiane, the Foreign Secretary will position the UK as a key partner to the Indo-Pacific region by forging closer collaboration on areas including trade, climate change and health security. Marking his first official visit to the region, the summit will highlight this government’s plan to strengthen Britain’s influence with the global powers of tomorrow.
UK Deepens Commitment to ASEAN-UK Economic Relations in Vientiane
The UK’s Senior Economic Official to ASEAN, His Majesty’s Trade Commissioner (HMTC) for Asia Pacific Martin Kent, visited Vientiane, Laos to demonstrate the UK’s continued and deepening economic commitment to ASEAN.
UKABC congratulates its Partner, Times Higher Education, on their prestigious King’s Award for Enterprise in the International Trade category
This award acknowledges the global growth THE has demonstrated as it expands its footprint as a leading higher education business working with universities, organisations and governments around the world.
Share your views: general review of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
The UK Government is interested in receiving views from businesses, individuals and other interested stakeholders on which areas of the current CPTPP agreement the government should seek to keep the same, change or improve through the CPTPP general review.
Children around the world enjoy British-made gifts this Christmas
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.
UK attends first CPTPP meeting since signing up to the massive Indo-Pacific trade bloc in July
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.
UK signs treaty to join vast Indo-Pacific trade group as new data shows major economic benefits
Business and Trade Secretary Kemi Badenoch formally signed the treaty confirming the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – the Indo-Pacific trade bloc now worth £12 trillion in GDP – in New Zealand today [Sunday 16th].