CPTPP accession presents potential wins for UK red meat and dairy

Published 2023년 5월 15일

Tridge summary

A study conducted by Harper Adams University and the UK's Agriculture and Horticulture Development Board (AHDB) on the potential impacts of the UK's participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) reveals that the agreement could provide significant long-term opportunities for the UK's red meat and dairy sectors. The research highlights population growth, economic development, and the expansion of middle-class consumers in Asian and South American markets as key factors contributing to these opportunities. While immediate benefits may be limited, future advantages are expected to emerge, particularly in Asian and South American markets. The inclusion of additional countries like China, Taiwan, Ecuador, Costa Rica, and Uruguay in the CPTPP could further boost these opportunities by offering preferential terms and tariff reductions.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Trade modelling work on the UK joining the CPTPP highlights population growth, economic development and the expansion of middle-class consumers as the drivers for long-term opportunities for red meat and dairy products. The analysis, compiled in conjunction with Harper Adams University, examines the strategic implications for UK agriculture of joining the CPTPP. While initial opportunities are limited, it revealed potentially more expansive benefits in the future in the Asian and South American markets, driven by increased demand for red meat and dairy products. Further opportunities for UK red meat and dairy may also be presented by other countries such as China, Taiwan, Ecuador, Costa Rica and Uruguay joining the CPTPP with the offering of preferential terms and either lowering or removing tariffs over time to other members. Jess Corsair, AHDB Trade and Policy Senior Analyst, said: “The UK’s accession to the CPTPP is very much about playing the long game in terms of the ...

Source: Ahdb