In the wake of Britain’s Brexit and separation from the EU trading bloc, the UK is now applying to become part of the free trade bloc made up of 11 Asia and Pacific nations. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership also includes Australia, Canada, Japan and New Zealand, a potential market population of around 500 million. The countries generate more than 13% of the world’s income.
The request will be made formally tomorrow by the UK International Trade Secretary. Negotiations are expected to start in March and continue during the northern hemisphere Spring.
There would also be the potential for faster and cheaper visas for business people travelling between participating nations.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership was formed in 2018 and includes, in alphabetical order, Australia, Brunei, Canada, Chile,…
