UK enters first round of talks for $9 trillion 11-country CPTPP trade bloc
The UK entered its first round of negotiations with the 11 member states of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The CPTPP, with a combined GDP of £9 trillion, would offer the UK access to some of the world’s fastest growing economies, including Japan, Australia, Canada and Chile.
“Less than a fortnight since the reshuffle, this shows our new Ministerial team kicking up a gear and getting on with seizing these huge opportunities as an agile, independent trading nation,” a source from the Government’s Department for International Trade told City PM
“The data shows the centre of gravity on global trade is moving away from Europe and towards the Asia-Pacific and fast-growing markets in CPTPP.
”Our strategy is latching the UK economy to these markets of tomorrow and boosting our economic prospects in the process,” the source added.