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Effective 2024-12-15UK joins CPTPP, gaining preferential access to 11 economies
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership entered into force for the UK on 15 December 2024, providing tariff cuts on goods exported to and imported from Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, NZ, Peru, Singapore, and Vietnam.
The UK's CPTPP accession protocol entered into force on 15 December 2024 (3 December for Singapore, Vietnam, Peru, NZ, Brunei, Chile, Malaysia, Mexico). Key effects for cross-border sellers:
- Bilateral duty elimination on >99% of UK goods to CPTPP members
- New cumulation rules let UK exporters count CPTPP inputs as originating
- Digital trade chapter prohibits source code disclosure and bans data localisation
- Government procurement market opens at WTO-plus thresholds
UK importers can now claim CPTPP preference at the border using the importer's knowledge or an origin declaration. The agreement supplements (does not replace) the UK-Japan EPA.
Source
UK Department for Business and Tradehttps://www.gov.uk/government/news/uk-joins-major-trade-bloc-with-economies-in-asia-pacific-region