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New Zealand Welcomes News Of UK Request To Join CPTPP
New Zealand Welcomes News Of UK Request To Join CPTPP Monday, February 1, 2021 IWK Bureau
Trade and Export Growth Minister, Damien O’Connor, today welcomed the United Kingdom’s intention to submit a formal request to accede to the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP).
“The challenges facing the global trade and economic environment have been compounded by COVID-19. In this context, New Zealand sees the CPTPP objective of maintaining and growing open, rules-based trade, as more important than ever. We believe the CPTPP can provide leadership in our region and beyond to drive post-COVID economic and trade recovery. The UK’s move to join the CPTPP underlines the Agreement’s importance in this regard,” Damien O’Connor said.
The United Kingdom s is expected to ask to join the CPTPP agreement tomorrow, which underlines the importance of the deal, and could assist New Zealand s free trade ambitions with them, the government says.
UK international trade secretary Liz Truss is expected to approach NZ about joining the CPTPP tomorrow.
Photo: Supplied/ UK Department for International Trade
The CPTPP (Comprehensive and Progressive Trans-Pacific Partnership) is a trade agreement between 11 Pacific Rim nations, including New Zealand, Australia, Canada, Japan, Singapore, Malaysia, and Mexico. It covers about 13 percent of the world s income.
Last year the government of the UK signalled it would try to join to to open up diverse opportunities for exporters and help support an industrial revival in the UK .
Britain will apply to join the Pacific free trade area, the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), the UK said Saturday, und.
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