UK Joins CPTPP, Becoming First European Member of Trans-Pacific Trade Bloc

The trade agreement links Britain to some of the world's fastest-growing economies, offering modest economic benefits and strategic influence post-Brexit.

The UK officially became the 12th member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a trade bloc spanning Asia-Pacific and the Americas.
Membership grants the UK access to reduced tariffs and expanded trade opportunities with nations like Japan, Australia, and Vietnam, though economic gains are projected to be modest at 0.08% of GDP over a decade.
The CPTPP provides the UK its first trade agreements with Malaysia and Brunei, while enhancing existing deals with other member countries through provisions like flexible 'rules of origin.'
Strategically, the UK's membership allows it to influence the bloc's expansion, including applications from China and Taiwan, reinforcing its role in global trade realignment post-Brexit.
Critics highlight concerns over environmental and labor standards, as well as the limited economic impact compared to losses from leaving the EU's single market.