British Prime Minister Rishi Sunak. JAKOB KING / AFP
For the British Prime Minister, joining the free trade agreement CPTPP is a Brexit-enabled “benefit”.
The UK signed its biggest trade deal since Brexit yesterday. Membership of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), after 21 months of negotiations, “places the UK at the center of a dynamic and growing group of Pacific economies,” British Prime Minister Rishi Sunak said on Friday. This free trade agreement, which previously united eleven countries in Asia and America (Japan, Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam), now represents 15% of global GDP. For Rishi Sunak, joining the pact demonstrates “the true economic benefits of our post-Brexit freedoms.”
The UK is the first new member to join this partnership, which was finalized in 2018. Since leaving the European Union in 2020, London has attempted to build trade ties by turning to geographically distant but fast-growing economies…
This article is for subscribers only. You still have 65% to discover.
Would you like to read more?
Unlock all items instantly. Without obligation.
Already subscribed? Registration