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UK concludes negotiations to join Comprehensive and Progressive Agreement for Trans-Pacific Partnership

06 April 2023

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Tax Alerts, Legislation & Policy, National/Federal Taxation

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United Kingdom

The UK has concluded negotiations to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), becoming the twelfth member of the agreement.This Alert summarizes the key elements of the trade deal and outlines key considerations for businesses to be able to utilise the agreement once it takes effect.Executive summaryOn 31 March 2023, the United Kingdom (UK) announced it had secured agreement to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), two years since it first applied to join. With the legal text signed, the UK becomes the first country to accede to the CPTPP and the twelfth...