UK to join the CPTPP, exporters upbeat

The United Kingdom is one of six economies that have formally applied to join the CPTPP. (Image: Despositphotos)

Fri, 31 Mar 2023

The United Kingdom has struck a deal to join the CPTPP free trade area spanning Asia and the Pacific, a move that has been well received by New Zealand exporters.The UK announced the conclusion of trade talks with member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), an 11-member trading block that accounts for around 12% of global gross domestic product (GDP). The UK-New Zealand Free Trade Agreement will be the primary vehicle for NZ exporters to access the market, but having the UK join th...

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