Comprehensive and Progressive Agreement for Trans-Pacific Partnership: Buckingham and Bletchley
The question
To ask the Secretary of State for Business and Trade, what impact assessment his Department has made of increased Comprehensive and Progressive Agreement for Trans-Pacific Partnership membership on trade flows to and from the Buckingham and Bletchley constituency.
Answered by Chris Bryant
According to the published Impact Assessment, the UK’s accession to CPTPP will help boost the South East’s economy by around £450 million in the long run. However, no analysis was undertaken at a constituency level.
HMRC statistics show that 2024 trade flows between the South-East region of England and CPTPP markets (excluding Brunei) comprised goods exports worth £2.8 billion. The South-East had the third-highest goods exports to CPTPP countries in the UK.
My Department will continue to measure trade flows across the UK to ensure that all businesses can make the most of the opportunities offered by the Agreement’s expansion.
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