British High Commissioner to Singapore on CPTPP

The UK has joined the CPTPP, marking a significant shift in its trade policy post-Brexit. This move positions the UK as a major player in a global trade agreement, expanding opportunities in the Indo-Pacific region. Despite challenges in negotiations, the UK aims to leverage high standards in trade, focusing on digital and service sectors. The ratification process is underway, with expectations of increased economic growth and strategic partnerships.

What significant change does the UK's entry bring to the CPTPP?

• It becomes a Pacific-only agreement.

• It transforms into a global trade agreement.

• It reduces the number of member countries.

• It focuses solely on digital trade.

Which areas does the UK aim to advance in through the CPTPP?

• Ecommerce and digital services

• Agriculture and mining

• Tourism and hospitality

• Manufacturing and textiles

What is the UK's calculated GDP impact from joining the CPTPP?

• 2.3%

• 1.5%

• 4.0%

• 0.08%

What was a major challenge during the UK's CPTPP negotiations?

• Setting up a new headquarters

• Reducing tariffs on palm oil from Malaysia

• Increasing tariffs on digital services

• Negotiating with China

What does the UK hope to achieve by setting high standards in the CPTPP?

• To limit digital trade

• To ensure quality trade agreements

• To exclude new members

• To focus on European markets

How does the UK's CPTPP membership reflect its global trade strategy?

• It reduces trade with Asia.

• It shows a pivot away from Europe.

• It focuses solely on European markets.

• It limits trade to the Pacific region.

What is the expected duration for the ratification process of the UK's CPTPP membership?

• A couple of months to a year

• Immediate effect

• Several years

• A few weeks