RIA responds to the UK joining the CPTPP
The Railway Industry Association (RIA), the trade body for the UK rail supply community, has welcomed the announcement today that the UK has concluded talks to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the trade deal which sees the UK joining 11 Pacific nations including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam that is home to more than 500 million people.
Darren Caplan, Chief Executive of the Railway Industry Association (RIA), said: “The announcement that the UK is joining the CPTPP could be positive news for railway suppliers. Most of the CPTPP countries already recognise the power of rail as a sustainable form of transport, as they continue to develop their networks. This trade deal cuts tariffs and so enables the UK rail supply chain to export its world-class goods and services to a wider global market, benefiting not just the supply sector but also UK plc more broadly.”