Trade Minister Greg Hands visits Peru as UK ratifies deal to join CPTPP and concludes tax treaty

  • UK wraps up key step to joining CPTPP – worth £12 trillion in global GDP upon our entry - by ratifying the terms of our agreement to join the trade group 
  • British businesses will benefit from UK’s accession to CPTPP through lower tariffs and fewer barriers to trade  
  • UK-Peru Double Taxation Agreement reached which will prevent businesses from being taxed twice and will significantly reduce the costs of doing business with Peru, supporting bilateral trade and investment 

The UK has, earlier than expected, completed its key step required for joining CPTPP, Minister for Trade Policy Greg Hands will tell fellow members of the group during a meeting in Arequipa, Peru. 

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