British businesses have gained full access to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trading bloc as of 1 September 2026. This follows Canada's ratification of the UK's accession, making the UK's membership fully operational across all 11 member countries.
The collective GDP of the CPTPP member states, including the UK, was valued at approximately £12.9 trillion in 2025. The government anticipates the agreement will contribute around £2 billion annually to the UK economy in the long term.
New opportunities for UK businesses include enhanced market access and reduced trade barriers. For example, businesses operating in Canada will benefit from easier travel arrangements, allowing eligible business visitors to stay for up to six months, an increase from the previous 90-day limit. Additionally, over 99% of current UK goods exports to CPTPP member countries will qualify for zero tariffs.
Minister for Trade Anas Sarwar stated that full access to the CPTPP opens new opportunities for British businesses across some of the world's fastest-growing markets. Chancellor of the Exchequer John Healey added that this access provides new customers, contracts, and investment for British firms.