The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is back in the spotlight. In July 2023 the group welcomed its 12th and first new member, the United Kingdom, since the partnership’s creation 2018. It is a win-win achievement for the United Kingdom to join the prominent Asia-Pacific trade pact and for the CPTPP to bring in the second largest economy among the members, going beyond its geographic limitation. Moreover, six aspirant countries are in queue for possible accession: China, Taiwan, Ecuador, Costa Rica, Uruguay, and Ukraine.
These positive developments… …read more
