LONDON, June 2 — The United Kingdom’s (UK) accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) expected in a few months will set...
LONDON, June 2 — The United Kingdom’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership expected in a few months will set the stage for a new phase in Malaysia and United Kingdom bilateral relations, Deputy Prime Minister Datuk Seri Fadillah Yusof said.“This is an opportunity to open the doors for better growth and access to new markets.”
Also present were British Minister of State in the Department for Business and Trade Lord Dominic Johnson, Malaysian High Commissioner Datuk Zakri Jaafar, Members of the House of Lords and Members of Parliament. “The tariff reductions on palm oil are a standard element for CPTPP countries — and I can assure you that the UK has secured significant market access provisions in return.”
The deputy prime minister said that besides increasing trade, CPTPP drives forward a broader policy agenda, namely addressing climate change in a practical, realistic manner and reducing poverty and eliminating hunger and managing unprecedented technological advances and addressing shared challenges on security.
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