Major Trade Breakthrough as Canada Finally Backs Britain’s Pacific Deal After Years of Stalemate
Canada has committed to ratifying Britain's membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) following discussions between Prime Minister Sir Keir Starmer and Canadian Prime Minister Mark Carney in Ottawa. The Canadian government plans to introduce parliamentary legislation this autumn to formally approve Britain's entry into the trade bloc. While the UK joined the CPTPP in 2024, both Canada and Mexico have yet to complete the ratification process, preventing British exporters from accessing promised tariff-free benefits in these markets. The CPTPP encompasses eleven member nations, including Australia, Brunei, Chile, Japan, Malaysia, New Zealand, Peru, Singapore, and Vietnam, representing a combined GDP of ยฃ12 trillion, according to government estimates. The agreement reduces import duties and trade barriers across financial services, manufacturing, and food and beverage sectors. During bilateral talks at Parliament Hill on Sunday, both leaders addressed the […]
