{"id":7503,"date":"2023-03-31T13:09:07","date_gmt":"2023-03-31T05:09:07","guid":{"rendered":"https:\/\/daily.sg\/?p=7503"},"modified":"2023-03-31T14:19:11","modified_gmt":"2023-03-31T06:19:11","slug":"uk-joins-cptpp-what-it-means-for-singapore","status":"publish","type":"post","link":"https:\/\/daily.sg\/2023\/03\/uk-joins-cptpp-what-it-means-for-singapore\/","title":{"rendered":"UK Joins the CPTPP: What It Means for Singapore?"},"content":{"rendered":"\n<p><strong>\u2022 UK&#8217;s accession to the CPTPP trade agreement<br>\u2022 Impact on Singapore and the region<br>\u2022 Importance for trade and economic growth<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"ast-oembed-container \" style=\"height: 100%;\"><iframe loading=\"lazy\" title=\"UK Joins the CPTPP - What It Means for Singapore (31 Mar 2023)\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/mkUC2Vgj_hA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p>On 31st March 2023, the UK became closer to joining the <em>The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (&#8220;CPTPP&#8221;)<\/em>. <\/p>\n\n\n\n<p>This group of countries has made a big promise to help each other with trade. <\/p>\n\n\n\n<p>Let&#8217;s explore what this means for Singapore and the region.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A Big Step for the UK<\/h2>\n\n\n\n<p>The UK finished talking with the CPTPP countries, and they agreed on many things.<\/p>\n\n\n\n<p>The CPTPP members said that the UK had offered great ways for trade between them. <\/p>\n\n\n\n<p>Now, they need to make it all official.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Impact on Singapore and the Region<\/h2>\n\n\n\n<p>With the UK joining the CPTPP, things will change for Singapore and the other member countries. <\/p>\n\n\n\n<p>These countries will have more chances to buy and sell items with the UK.<\/p>\n\n\n\n<p>This can help everyone make more money and grow their economies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">For Singapore, It Means More Trade<\/h2>\n\n\n\n<p>Singapore is part of the CPTPP, so that it will benefit from the UK&#8217;s accession.<\/p>\n\n\n\n<p>Singapore and the UK can trade more easily, which will help both countries.<\/p>\n\n\n\n<p>People in Singapore will have access to more goods and services from the UK, and Singapore&#8217;s businesses can also sell more to the UK.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Participants Say<\/h2>\n\n\n\n<p>A quote from the joint ministerial statement says, &#8220;The CPTPP Members and the UK are committed to further promoting free trade, open and competitive markets, the rules-based trading system and economic integration in the region and beyond.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Actionable and Practical Takeaways<\/h2>\n\n\n\n<p>\u2022 Learn more about the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Comprehensive_and_Progressive_Agreement_for_Trans-Pacific_Partnership\" target=\"_blank\" rel=\"noopener\" title=\"\">CPTPP<\/a> and its benefits<br>\u2022 Stay informed about the UK&#8217;s accession process<br>\u2022 Consider how Singapore&#8217;s businesses can benefit from increased trade with the UK<\/p>\n\n\n\n<p>The UK joining the CPTPP is big news for Singapore and the region. It means more trade, more money, and more chances for growth.<\/p>\n\n\n\n<p><em>Now, we want to hear from you! What do you think about the UK joining the CPTPP? Share your thoughts in the comments below!<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Discover how the UK&#8217;s accession to the CPTPP trade agreement will impact Singapore and the region, and why it matters for trade and economic growth.<\/p>\n","protected":false},"author":8,"featured_media":7508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[15,437],"tags":[793,747,748],"_links":{"self":[{"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/posts\/7503"}],"collection":[{"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/comments?post=7503"}],"version-history":[{"count":5,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/posts\/7503\/revisions"}],"predecessor-version":[{"id":7529,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/posts\/7503\/revisions\/7529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/media\/7508"}],"wp:attachment":[{"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/media?parent=7503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/categories?post=7503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daily.sg\/wp-json\/wp\/v2\/tags?post=7503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}