Rupert Ashby, chief executive of the British Frozen Food Federation (BFFF), has issued a positive statement regarding the United Kingdom’s accession to the Comprehensive Progressive Agreement for Trans-Pacific Partnership (CPTPP) on March 31.
“This trade agreement is good news for British businesses throughout the frozen food supply chain which are looking forward to more efficient trade relations with the Asia-Pacific region,” he said. “Frozen food producers, distributors and retailers which have faced difficulties since the UK’s withdrawal from the European Union, will be reassured that this new trade agreement is expected to boost the UK economy by £1.8 billion in the long run, with more than 99% of UK exports to the bloc now eligible for zero tariffs.”
Ashby added: “Frozen food has become an increasingly popular choice for consumers looking for high quality and affordable options in their weekly shop and I know that our members will seek to reach more international markets through this trade opportunity.”
Britain began negotiating to join the CPTPP in July of 2021. The other 11 members of the partnership are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.