Mike Hawes, SMMT Chief Executive, said,
The automotive industry is built on global trade so deepening the UK’s ties with the growing economies of the Pacific region makes eminent sense. Once ratified and implemented, the deal has the potential to deliver opportunities for the automotive industry so we will look at the detail to see how it can be exploited for the benefit of the whole sector. Key to success, however, will be an internationally competitive UK business environment that maximises investment in electrified vehicles, batteries and critical materials to ensure U.K. automotive businesses can maximise the benefits of CPTPP membership.
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