About the Book
Published Date: November 2024
This white paper explores the transformative shifts in global trade spurred by the aftermath of Brexit and the United Kingdom’s entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). It highlights the UK’s strategic pivot to strengthen ties outside Europe, accessing markets across Asia-Pacific and the Americas through reduced tariffs and regulatory alignment under CPTPP. By joining this partnership, the UK has diversified its trade relationships while enhancing access to a market of over 500 million consumers.
The paper also underscores the broader implications of CPTPP’s expansion, including its potential to redefine global trade norms by offering a flexible alternative to the World Trade Organization’s multilateral processes. It outlines the challenges faced by industries like agriculture and manufacturing while emphasizing opportunities for high-value sectors such as digital services and pharmaceuticals.
Recommendations are provided for companies to adapt their strategies for supply chain resilience, compliance, and market diversification, as well as for policymakers to promote trade alignment and sustainable practices. This timely analysis serves as a guide for navigating the evolving global trade dynamics in 2024 and beyond.
