UK firms likely to get better access, lower tariffs in Chile, Malaysia

The United Kingdom is working to become the first European member of the bloc this year, with negotiations progressing well, the government said in a statement. The most recent round of CPTPP negotiations were held in London in December.

The United Kingdom now exports goods worth £2.9 billion annually to Malaysia.

Chile was the first country to sign a trade deal with the United Kingdom after the latter left the European Union (EU).

Joining CPTPP will also provide opportunities for collaboration with Chile in areas like fintech, green finance and cybersecurity, supporting innovation in the UK financial services sector and helping develop both countries as leaders of financial services, the UK government statement said.

ALCHEMPro News Desk (DS)