UK joins Asia's trade club - but what is CPTPP?

Quick Summary:

It may look like an official has leant on their keyboard - but it's an acronym we'll hear more often.

The provisions could help UK producers of items such as machinery and medicines - our most valuable exports to those nations - by reducing their costs and allowing them to expand their supply chains across the constituent countries.

Even with some changes to the trading arrangements with other countries, the gains from the expanded accord is expected to be fairly small - around 0.08% of GDP over 10 years, according to the government's best stab at an estimate, external.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: Business

Markets: United KingdomAustraliaBruneiCanadaChileChinaGermanyJapanMalaysiaMexicoNew ZealandPeruSingaporeTaiwanVietnam

Topics: Access Cptpp Trade Agreement Membership Club Members External Other Countries Nations

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-15 @ 10:46:36 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.co.uk

Language: English

Article Length: 974 words

Reading Time: 6 minutes read

Sentences: 49 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 24414242

View Article Analysis

About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 2 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

Publisher Details

Frequently Asked Questions