Comprehensive and Progressive Agreement for Trans-Pacific Partnership (Accession)

Part of the debate – in the House of Commons at 1:52 pm on 17th June 2020.

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Photo of Elizabeth Truss Elizabeth Truss The Secretary of State for International Trade and President of the Board of Trade, Minister for Women and Equalities 1:52 pm, 17th June 2020

Japan is a very important partner of the UK, and we are separately negotiating our bilateral trade agreement, but when I spoke to Minister Motegi, who is responsible for negotiating on Japan’s behalf, he was very clear that he supported the UK’s accession to CPTPP. We are also pursuing accession with Australia and New Zealand. These bilateral partnerships are a way of accessing that wider arrangement in Asia- Pacific. My hon. Friend is right—there are huge export opportunities for Britain into Japan and huge investment opportunities for British firms into Japan and for Japanese firms into the UK.