[CPTPP: UK accepted into
Indo-Pacific trade bloc in biggest trade deal
since Brexit
Prime Minister Rishi Sunak claims
joining the 11-strong trade area will
"demonstrate the real economic benefits
of our post-Brexit freedoms".]
[The Comprehensive and Progressive
Agreement for Trans-Pacific Partnership (CPTPP)
is a free trade agreement between 11
countries across the Indo-Pacific, including
Australia,
Brunei,
Canada,
Chile,
Japan,
Malaysia,
Mexico,
New Zealand,
Peru,
Singapore and
Vietnam - and now the UK.
The partnership sees the countries open
up their markets to one another,
reducing trade barriers and tariffs,
with the hope of bolstering the
economies of its members.
Sunak hails UK joining CPTPP
Trade Secretary Kemi Badenoch said the
UK's accession to the CPTPP was
formally confirmed in a telephone
call between her and counterparts
from the group at 1am BST on Friday.
The UK is the first European country
to enter the agreement,
and the government claims it
will lead to a £1.8bn boost to
the economy "in the long run".]
https://news.sky.com/story/cptpp-uk-...rexit-12845758
Rock On.