UK milestone in CPTPP trade | 7 steps to selling on Pinterest | Latest e-commerce news

Posted on 24/02/2022 by DHL Express

UK reaches major milestone to join CPTPP free-trade area

The UK has now moved into the second ‘market access’ phase of negotiations with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The CPTPP is a free-trade area worth £8.4 trillion in GDP and moving to the final stage of the accession process is a key milestone for UK trade.

Secretary of State for International Trade, Anne-Marie Trevelyan, called the CPTPP ‘one of the largest and most exciting free-trading clubs in the world’ and is visiting Indonesia, Japan and Singapore to oversee the launch of the final accession stage.

The next steps for the UK will be to negotiate new trading relationships with CPTPP countries, which could lead to 99.9% of UK exports to CPTPP being eligible for tariff-free trade.

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Latest e-commerce news from around the world

Latest research reveals that consumer concern over the last year has led 21% of UK retailers to cancel contracts with suppliers who did not meet ethical or sustainability standards.

Meanwhile, another recent report found that e-commerce brands find it more difficult to establish brand loyalty, as customers list convenience as their top priority when buying online.

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