International Trade Committee to examine benefits of Trans-Pacific trade bloc membership
5 September 2022
The International Trade Committee will explore the benefits of UK membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) at 10am on Wednesday 7 September.
- Watch Parliament TV: UK trade negotiations: CPTPP accession
- Inquiry: UK trade negotiations: CPTPP accession
- International Trade Committee
The CPTPP is a trade bloc consisting of Australia, Canada, Japan, Mexico, New Zealand, Singapore, Vietnam and Peru. Brunei, Chile and Malaysia are in the process of ratifying their membership. The USA withdrew from the pact in 2017 under the Trump administration.
According to recent statistics, CPTPP members account for 13 per cent of global GDP and 15 per cent of global trade.
In the session, Committee members will explore the benefits and drawbacks of CPTPP membership for the UK with academics and experts. MPs will discuss how suitable membership of the bloc is to achieving the UK’s economic and strategic objectives, and the consequences of a potential Chinese accession.
MPs are also likely to discuss the interaction between the CPTPP and other trade agreements signed by the UK, and how members of the bloc perceive the UK’s desire to join.
Wednesday 7 September
- Professor Christopher Dent, International Political Economist, Edge Hill University
- Eduardo Pedrosa, Secretary General, The Pacific Economic Cooperation Council
- Dr Kaewkamol Pitakdumrongkit, Assistant Professor and Head of Centre for Multilateralism Studies, S. Rajaratnam School of International Studies, Nanyang Technological University