The UK Government has substantially concluded negotiations on the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a free trade agreement (FTA) including 11 members: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
It aims to reduce barriers to trade and investment among its members by eliminating tariffs on goods and services, establishing common rules and standards and promoting regulatory coherence. CPTPP member countries have a combined population of 500 million and approximately 16% of the global Gross Domestic Product.
The Agreement includes provisions which protect patents, trade marks, copyright, trade secrets and geographical indications and a commitment to enforce these rights, which helps to create a more level playing field for businesses and promotes innovation and creativity.
Joining the CPTPP will also ensure that UK IP rights are protected in the other member countries and will provide a mechanism for resolving disputes related to IP.
The Government's announcement can be read here