UK ratifies CPTPP membership, enabling tariff-free trade for 99% of UK goods exports to CPTPP member countries.
The UK has ratified its deal to join the CPTPP, a major Indo-Pacific trade bloc, with British businesses set to benefit from lower tariffs and fewer trade barriers. The UK-Peru Double Taxation Agreement will also prevent businesses from being taxed twice, reducing costs when doing business with Peru. With 99% of UK goods exports to CPTPP member countries becoming eligible for tariff-free trade, the potential for increased trade is significant, encompassing 500 million consumers in some of the world's largest current and future economies.
May 17, 2024
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