The UK-Pacific Economic Partnership Agreement (EPA) is expected to take effect if the UK leaves the EU without a deal, or at the end of an implementation period.
Summary of the agreement
The countries covered by the UK-Pacific EPA are:
The UK-Pacific EPA maintains the effects of the EU-Pacific States Interim Partnership Agreement (EU-Pacific EPA).
In the UK-Pacific EPA, the UK commits to providing immediate duty-free quota-free access to goods from Pacific States. In exchange, the Pacific States commit to more gradual tariff liberalisation. However, sensitive products are excluded from full liberalisation.
The EPA allows for both parties to take measures to protect their markets in particular circumstances. The EPA envisages development support from the UK to ensure that it is effectively implemented, and that the opportunities it offers can be fully realised by the Pacific States.
Economic partnership agreements are development-focused trade agreements that aim to promote increased trade and investment. They contribute to sustainable growth and poverty reduction in developing countries.
When the agreement is active
This agreement is expected to take effect when the EU-Pacific EPA no longer applies to the UK.
It is expected that this will be at the end of the implementation period if the withdrawal agreement is ratified, or if the UK leaves the EU without a deal.