Asked by: Anthony Mangnall (Conservative - Totnes)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, what recent assessment she has made of the potential of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership to help influence future global trade standards.
Answered by Greg Hands - Minister of State (Department for Business and Trade)
Joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will see the UK secure its place in a network of countries committed to free trade as part of the rules-based international system. Accession will demonstrate the UK’s place as a nation that champions the removal of barriers in world trade.
CPTPP is designed for expansion, meaning that its rules have the potential to become even further established across key economies in the Asia-Pacific region. This will allow the UK to play a key role in shaping standards for an ambitious agreement that has the potential to increase in global prominence over time.
Asked by: Anthony Mangnall (Conservative - Totnes)
Question to the Department for International Trade:
To ask the Secretary of State for International Trade, what steps she is taking to strengthen the UK's trade relationship with Taiwan.
Answered by Greg Hands - Minister of State (Department for Business and Trade)
The UK remains committed to strengthening its rich and wide-ranging trading relationship with Taiwan. Total trade in goods and services between the UK and Taiwan was £7.0 billion [in the four quarters to the end of Q3 2020]. We are working with Taiwan to increase this further, including through our annual Trade Talks, ministerial engagement, and through engagements by the Prime Minister’s Trade Envoy to Taiwan.