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Trans Pacific

All articles tagged with #trans pacific

business2 years ago•3 min saved

UK Joins Trans-Pacific Partnership to Boost Post-Brexit Trade

Britain has agreed to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a trade pact that includes Japan and Australia, as it looks to deepen ties in the region and build its global trade links after leaving the European Union. The deal will cut tariffs on cars, spirits, and dairy products, and boost the economy by £1.8bn each year in the long run. Britain is the first new member to join the group, and its membership gives it strategic benefits as it can now influence whether applicants China and Taiwan may join the group.

via Reuters.com|

#britain #business #china

trade2 years ago•1 min saved

UK on track to join Pacific trade pact.

Britain is expected to soon reach a broad agreement with the 11 members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which includes Japan and Australia, as it seeks to join the trade pact as part of its post-Brexit pivot towards geographically distant but fast-growing economies, especially in the Indo-Pacific. The aim is to further cut tariffs on goods and reduce barriers to services and digital trade. Discussions are set to be held later this week, with an update expected at the "earliest possible opportunity".

via Reuters UK|

#britain #cptpp #post-brexit