At the beginning of 2023, when the UK began the process of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), he offered a lukewarm view of the trade deal, pointing out that the “net contribution to our economy will be something in the order of 0.08 per cent”.
However, yesterday his business secretary Jonathan Reynolds said the agreement would “boost trade and create opportunities for UK companies abroad”.
The UK will become the 12th country to join the trade agreement, following years of procedure, having first put in an application in early 2021. Britain will enter into the agreement with eight of the bloc’s 11 existing members who first ratified the accession yesterday: Japan, Singapore, Chile, New Zealand, Vietnam, Peru, Malaysia and Brunei.
Diese Geschichte stammt aus der December 16, 2024-Ausgabe von The Independent.
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