Starmer's government hails joining CPTPP - two years after he said impact would be 'very small'

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Starmer's government hails joining CPTPP - two years after he said impact would be 'very small'

^{Published on 2024-12-15 04:40:44 - MSN}

Starmer's government hails joining CPTPP - two years after he said impact would be 'very small' - Sir Keir's business secretary said the agreement would 'boost trade and create opportunities for UK co

The UK government, led by Prime Minister Keir Starmer, has celebrated the country's accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a trade bloc comprising 11 countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. This move is seen as a significant step in enhancing the UK's global trade relations post-Brexit. However, this celebration comes two years after Starmer himself downplayed the significance of joining the CPTPP, stating that its economic impact would be "very small." Despite his earlier reservations, the government now highlights the potential benefits, including increased market access for UK businesses, reduced tariffs, and the opportunity to diversify trade away from traditional partners like the EU. The shift in stance reflects the broader political and economic strategy to forge new trade alliances and stimulate economic growth.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/politics/government/starmer-s-government-hails-joining-cptpp-two-years-after-he-said-impact-would-be-very-small/ar-AA1vSVtb ]

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Starmer's government hails joining CPTPP - two years after he said impact would be 'very small'