Written question asked by Jim Shannon (Democratic Unionist Party) on Tuesday, 23 May 2023, in the House of Commons. It was due for an answer on Thursday, 25 May 2023. It was answered by Nigel Huddleston (Conservative) on Thursday, 1 June 2023 on behalf of the Department for Business and Trade.
Comprehensive and Progressive Agreement for Trans-Pacific Partnership
- Question
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To ask the Secretary of State for Business and Trade, what recent assessment she has made of the potential impact of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on levels of trade for UK businesses in each of the next five years.
- Answer
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Joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) could boost the UK economy by £1.8 billion each year and increase UK exports to CPTPP by £1.7 billion in the long run according to our published scoping assessment.
When the UK’s accession enters into force, UK businesses will be able to trade with all CPTPP members on preferential terms and the Government will support British businesses in seizing the opportunities created by our membership of CPTPP.
Accession could enhance the already strong trade links between Northern Ireland and CPTPP members, which for Northern Ireland goods exports alone was worth over £900 million in 2022.
Secondary information
- Type
- Written question
- Reference
- 186346
- Session
- 2022-23
- Subjects
- Business Trade Comprehensive and Progressive Agreement for Trans-Pacific Partnership
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2023-06-01 17:47:23 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/186346
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/186346
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/186346