UK Joins Trans-Pacific Partnership to Boost International Trade
TL;DR Summary
The UK has reached a trade deal to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), becoming the first new member and the first in Europe to join since it came into force in 2018. The deal is being hailed as the UK's biggest trade deal since Brexit and could help lift economic growth in the country by £1.8 billion ($2.2 billion) in the long run. As a member, more than 99% of UK exports to the 11 CPTPP countries will now be eligible for tariff-free trade, including major exports such as cheese, cars, chocolate, machinery, gin, and whisky.
- UK reaches its biggest trade deal since Brexit, joining trans-Pacific partnership CNN
- U.K. Joins Trans-Pacific Partnership as It Seeks to Diversify International Commerce The Wall Street Journal
- UK-Asia trade deal to boost UK economy by 0.08% BBC
- Britain agrees to join trans-Pacific trade pact Reuters.com
- Britain reaches agreement to join trans-Pacific trade pact South China Morning Post
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