UK Starts Negotiations to Join CPTPP
The first talks between the United Kingdom and the 11 members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership kicked off Sept. 28, the U.K.'s Department for International Trade said. While pact members have met to discuss the U.K.'s accession to the trade agreement, the Sept. 28 meeting was the first to include the U.K. The opening talks focused on how the U.K. would meet the CPTPP's standards, DIT said.
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“This is a big milestone on our path to joining CPTPP, which will allow us to forge stronger links both with old friends and some of the world’s fastest-growing economies,” International Trade Secretary Anne-Marie Trevelyan said. “Joining this high-standards partnership will provide real opportunities for UK exporters and service providers and help our innovators open up new, diverse markets. Seizing opportunities like this is exactly what Global Britain is about and will help bring high-quality jobs and prosperity to every region of our country.”
The 11 members of the CPTPP are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. China also recently applied to join the trade pact, which was initially established to counter China's rising influence (see 2109160043).