Comprehensive and Progressive Agreement for Trans-Pacific Partnership: Dorset

(asked on 30th November 2021) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what assessment she has made of the potential effect of the UK's membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on (a) the local economy and (b) job creation in Dorset.


Answered by
Ranil Jayawardena Portrait
Ranil Jayawardena
This question was answered on 10th December 2021

Accession could see 99.9% of British exports being eligible for tariff-free trade with members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP/TPP-11). £1.8bn worth of goods were exported to CPTPP countries by over 1,300 businesses in the South West of England last year.

HM Government published a scoping assessment in June 2021 that showed accession could result in a gross value added benefit to the South West of England of £106m, and increase real wages across the United Kingdom by £800m in the long run, compared to 2019 levels.

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