UK Welcomed to ASEAN as 'Dialogue Partner'
The Association of Southeast Asian Nations welcomed the United Kingdom as a “Dialogue Partner” at a virtual ceremony Aug. 5, the U.K. announced Aug. 5. The partnership brings the U.K. closer to the 10-member trading bloc in the Indo-Pacific and…
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marks the first partnership of this kind that ASEAN has established in 25 years, the U.K. said. The U.K. will attend foreign and economic ministers meetings, as well as other ministerial proceedings. ASEAN has a combined GDP of $3.2 trillion (in U.S. dollars), and total trade between the U.K. and ASEAN was about $45 billion in the four quarters ended with Q1 2021, the release said. The U.K. in June launched accession talks with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. “Along with CPTPP accession and deals with countries like Singapore and Vietnam, this will help unlock opportunities for British businesses in a high-growth region of more than 650 million people, allowing them to expand and create jobs across the UK,” International Trade Secretary Liz Truss said.