Britain to apply to join a trans-Pacific trading bloc of 11 countries

Since Brexit, Britain has made clear its desire to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), this would remove tariffs between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

Prime Minister Boris Johnson said in a statement “One year after our departure for the EU we are forging new partnerships that will bring enormous economic benefits for the people of Britain,”

Liz Truss told Times Radio: “On Monday I am putting in the letter of intent” and that she expected formal negotiations will start in the spring.

The government said joining CPTPP would remove tariffs on food and drink and cars, while helping to boost the technology and services sectors.

“Boris Johnson said “Applying to be the first new country to join the CPTPP demonstrates our ambition to do business on the best terms with our friends and partners all over the world and be an enthusiastic champion of global free trade,”

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