Japan backs Britain joining the £9 trillion CPTPP free-trade agreement

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Prime Minister Liz Truss shakes hands with Prime Minister Fumio Kishida. Photo credit: Twitter

The Prime Minister has met with Japanese Prime Minister Fumio Kishida at the UN General Assembly in New York.

Prime Minister Kishida welcomed the UK’s commitment to Japan and the Indo-Pacific region, as exemplified by our Dialogue Partnership with ASEAN, AUKUS and our application to join the Trans-Pacific Partnership.

Prime Minister Truss thanked Prime Minister Kishida for his support for the UK’s application.

The leaders said they looked forward to expanding the UK-Japan relationship, both if the UK joins the CPTPP and through investments in our shared defence and security such as the Future Combat Air System programme.

The CPTPP is a free-trade agreement (FTA) between 11 countries around the Pacific Rim: Canada, Mexico, Peru, Chile, New Zealand, Australia, Brunei, Singapore, Malaysia, Vietnam and Japan.

Joining the £9 trillion partnership would deepen the UK’s access to fast-growing markets and major economies. Plus it would cut tariffs for UK industries including food and drink, and cars, while also creating new opportunities for modern industries like tech and services, ultimately supporting and creating high-value jobs across the UK. Unlike EU membership, joining does not require the UK to cede control over our laws, borders, or money.

Prime Minister Liz Truss has said:

“Joining CPTPP will create enormous opportunities for UK businesses that simply weren’t there as part of the EU and deepen our ties with some of the fastest-growing markets in the world.

“It will mean lower tariffs for car manufacturers and whisky producers, and better access for our brilliant services providers, delivering quality jobs and greater prosperity for people here at home.”

CPTPP membership is a key part of the Government’s plan to position the UK at the centre of a network of modern free trade deals that support jobs and drive economic growth at home.

The Prime Minister expressed her admiration for former Prime Minister Shinzo Abe’s economic doctrine and outlined her plans for transforming the British economy to boost economic growth. The leaders agreed to work together to strengthen our shared economic and energy security.

The Prime Minister condemned China’s recent provocations over Taiwan, which threatened Japan’s Special Economic Zone. The leaders resolved to work together to tackle the strategic threat posed by China.

The Prime Minister and Prime Minister Kishida agreed on the importance of likeminded democracies working together, including through international institutions like the G7, to constrain economic, security and other threats from authoritarian regimes.

Prime Minister Kishida expressed his condolences on the passing of Her Majesty The Queen. The Prime Minister thanked him for his words and said it was a great honour for the UK to receive Their Imperial Highnesses at the state funeral.

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