The Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, today issued the following statement:
“I would like to welcome the conclusion of negotiations on the United Kingdom joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
“The U.K. is the first accession applicant to reach this milestone, which marks an important chapter in the development of the CPTPP.
“As the first country to show support for the UK’s accession to CPTPP, we are pleased to see a longstanding friend and ally join one of the worlds most progressive trade agreements.
“The U.K. is Canada’s third largest trading partner. The U.K.’s accession to the CPTPP would build on our longstanding economic and people-to-people ties and shared values on open and rules-based trade. It would provide further trade and investment opportunities for both countries, especially in the Indo-Pacific region.”
“An expanded CPTPP will help ensure that Canada’s work domestically – outlined in Budget 2023 – benefits businesses, workers and all Canadians.
“Canada is a leader for open, predictable, and inclusive rules-based trade and welcomes expansion of the CPTPP to economies dedicated to the same high standards.”