United Kingdom Joins Trans-Pacific Trade Bloc in Largest Deal Since Brexit
Britain on Sunday officially joined an Asia-Pacific trade group that includes Japan and 10 other nations during a meeting in New Zealand.
Britain on Sunday officially joined an Asia-Pacific trade group that includes Japan and 10 other nations during a meeting in New Zealand.
Taiwan is scheduled to hold four referendums on Saturday, one of them concerning a ban on American pork products that was lifted in January.
The British government on Tuesday began talks to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), an 11-member bloc that China and Taiwan also aspire to join.
China filed an application on Thursday to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Current members Japan and Australia, and prospective member Taiwan, were not enthusiastic about Beijing’s request.
The UK is negotiating to join the Pacific trade partnership as it explores new opportunities around the world post-Brexit.
A group of Pacific rim nations have welcomed Brexit Britain into accession talks to join the CPTPP trading bloc, with the government saying that negotiations could start in the coming weeks.
Brexit leader Nigel Farage is wary of the UK joining the major pacific trading bloc CPTPP, warning the country could find itself being forced to accept “political harmonisation”, after having just left the European Union.
The United Kingdom is embracing its freedom from the EU and forging new partnerships, with the international trade secretary saying Brexit Britain could join a major trading bloc in as little as one year.
Britain is taking advantage of its newfound autonomy from the EU to apply for membership of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP).