In July 2023, the UK formally agreed to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), an Asia-Pacific trade bloc made up of 11 other countries: Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. This formal signature followed an announcement in March 2023 that the UK would join the bloc.
Other countries (including China) have applied to join or expressed an interest in doing so.
The UK will be the first new member since the bloc was established in 2018 and the first European member. To find out how your business can benefit, visit great.gov.uk