Minister of State for Trade (): The Comprehensive
and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
is set to enter into force for the UK by 15 December 2024. This
follows Peru's ratification of the UK's Accession Protocol to the
Agreement.
The Accession Protocol sets out that the agreement will enter
into force for the UK 60 days after all Parties and the UK have
each notified the CPTPP Depositary. Notification would follow the
completion of relevant domestic procedures. However, after 15
months have passed since signature (which falls in mid-October
2024), the mechanism changes and the Protocol can enter into
force 60 days after a minimum of six Parties and the UK have each
notified. If at least 6 Parties and the UK have already notified
within 15 months of signature, entry into force would take place
60 days after the October date. Given Peru is the sixth Party to
notify their ratification, we currently expect the UK's accession
to CPTPP to enter into force by 15 December 2024.
Before Peru, five other CPTPP Parties had already ratified the
terms of the UK's accession, including Japan, Singapore, Chile,
New Zealand and Viet Nam. This means that the agreement will come
into force between the UK and those Parties by the end of the
year, and with other Parties depending on when they ratify. The
UK continues to work closely with remaining Parties, who are
completing their own processes as quickly as possible.
This Department is helping British businesses ready themselves to
take full advantage of the opportunities CPTPP presents. As the
first country to accede to this agreement, the UK will be
perfectly positioned to shape its future development, from
influencing the future development of the CPTPP rulebook to
championing the group's expansion to new economies.
