B.C. businesses poised to benefit as U.K. joins CPTPP

News Snapshot:

With the U.K. set to join trade bloc, expert says the CPTPP's importance remains severely underappreciated in Canada In March, the United Kingdom made it one step closer to joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), as the country’s CPTPP Act received royal assent. After two years of negotiations, the U.K.’s planned entry later this year to the 11-country trade pact marks the first new member to join the CPTPP since the partnership’s formation. It also means that more than 99 per cent of current U.K. goods exports to CPTPP countries—including Scotch whisky and cars—will be eligible...