An article on the top 5 benefits of joining the CPTPP written by the UK's Chief Negotiator for accession to CPTPP - so basically the right person to ask.
Read it carefully cause the wording is very important here.
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🚛 Here is an interesting fact - it’s end of June and we don’t yet have a functioning border management system.
Remember the Goods Vehicle Movement Service (GVMS)? The system that was supposed to be first implemented in January to manage our borders?
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Remember how we all talked about the fact that you don’t build IT systems in a few months? That they require testing etc? And how Gov was sure it will be ready?
It wasn’t ready so the full implementation was pushed back to June.
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A while back, together with all the announcements around further easements and extensions, GVMS was pushed back to Jan 2022.
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These deals will take away from the impact of the CPTPP.
Joe also mentioned the caveat in the report.
Measuring the impact of FTAs before they are implemented or negotiated is tricky and can only provide a rough estimate.
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