Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what recent estimate she has made of the proportion of goods manufactured in the UK that meet the rules of origin requirements of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
The opportunity to use the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will depend on individual firms’ supply chains and investment decisions, but will be additional to opportunities under a number of existing bilateral agreements with individual CPTPP member states.
Using CPTPP rules of origin, British businesses could take advantage of new export opportunities and trade more freely across the bloc. They could also help support UK efforts to diversify critical supply chains by deepening our trading links across the Asia-Pacific region.