ACCA welcomes UK move to join CPTPP

UK move to join Asia Pacific trade pact is a step in the right direction on international trade cooperation, says global accountancy body

ACCA has welcomed news that the UK is to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Helen Brand, chief executive of ACCA, said: ‘This is a step in the right direction that will help open up opportunities for businesses, including providers of professional services, in all CPTPP countries. 

‘Our entrepreneurial members work across all sectors. As part of a global professional accountancy body, many will welcome moves which facilitate international trade in both goods and services.’

‘This closer cooperation will also bring opportunities for greater dialogue on standards and regulation, which will help promote easier and fairer trade across borders. We also welcome the focus on digital trade and ensuring that data can travel effectively and securely between countries.’

She added: ‘The CPTPP agreement includes standards on sustainability, fighting corruption and workers’ rights. It’s important that this focus continues so we can work towards a more sustainable and ethical global economy.’

ACCA has 241,000 members in 178 countries, including a strong and long-standing presence in both UK and Malaysia. It is particularly pleasing for ACCA to note that these two countries will have a free trade agreement for the first time. ACCA also has members in other CPTPP countries, including Singapore, Australia, Canada, New Zealand and Vietnam.

ACCA will be supporting its members working inside and advising businesses on how they can take advantage of the opportunities that the agreement will bring.

More information on the agreement can be found on the UK Government’s website here

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About ACCA

ACCA is the Association of Chartered Certified Accountants. We’re a thriving global community of 241,000 members and 542,000 future members based in 178 countries and regions, who work across a wide range of sectors and industries. We uphold the highest professional and ethical values.

We believe that accountancy is a cornerstone profession of society that supports both public and private sectors. That’s why we’re committed to the development of a strong global accountancy profession and the many benefits that this brings to society and individuals.

Since 1904 being a force for public good has been embedded in our purpose. And because we’re a not-for-profit organisation, we build a sustainable global profession by re-investing our surplus to deliver member value and develop the profession for the next generation.

Through our world leading ACCA Qualification, we offer everyone everywhere the opportunity to experience a rewarding career in accountancy, finance and management. And using our respected research, we lead the profession by answering today’s questions and preparing us for tomorrow.

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