Comprehensive and Progressive Agreement for Trans-Pacific Partnership
The question
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on each (a) nation and (b) region of the UK.
Answered by Mr Douglas Alexander
The UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to support jobs and create opportunities for business growth in every part of the UK. An impact assessment was published regarding the UK's accession to CPTPP and the potential long-run economic impact of the agreement. The analysis detailed the prospective impacts on all the UK’s regions and nations and demonstrated that UK GDP could increase by £2.0 billion every year in the long run.
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