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<p>In seeking accession to CPTPP, the UK committed to the existing standards of this
agreement, including its provisions on investor protections backed by a modern and
transparent investor-state dispute settlement (ISDS) mechanism. These features balance
the need to protect UK investors accessing and operating in CPTPP markets and to ensure
that the Government can regulate in the public interest. In light of our investment
relationship with Australia and New Zealand, we agreed side letters confirming that
it was not necessary to have ISDS provisions between our countries in CPTPP.</p>
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