The UK has confirmed over the past weekend, they will formally be applying to join trans-Pacific trade bloc
The UK has taken a major step in the process of joining CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership), one of the world’s largest and most dynamic free trade areas.
International Trade Secretary, Liz Truss, alongside the current chair of the CPTPP Commission, Mexican Economy Minister Graciela Márquez, opened discussions between senior UK trade officials and Chief Negotiators from all 11 members of the Partnership to discuss potential UK accession.
Put us in a stronger position to reshape global rules and drive reform at the WTO
Boost our economic security – hitching the UK to one of the world’s largest free trade areas. An advanced agreement full of countries who are committed to the rules of international trade.
Make us more resilient to future crises by diversifying our trade and supply chains.
The partnership includes ambitious agreements on digital trade, data, financial, professional, and business services, all of which are areas where the UK is a global leader and stands to benefit from more trade.
This article was originally published by UK Government (20/09/2020)