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UK joins Comprehensive and Progressive Agreement for Trans-Pacific Partnership — implications for businesses

16 December 2024

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Tax Alerts, Legislation & Policy, National/Federal Taxation, Global

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Chile, Japan, Malaysia, Peru, Singapore, United Kingdom

The United Kingdom's (UK's) accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has now entered into force.UK traders will be able to use the terms of the agreement with Japan, Singapore, Chile, New Zealand, Vietnam, Peru, Malaysia and Brunei. From 24 December 2024, this will further include trade with Australia.This Alert outlines what this means for businesses trading between the UK and CPTPP countries and how to use it. On 15 December 2024, the United Kingdom's (UK's) accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) entered into force.CPTPP in briefThe CPTPP is a free trade...