Connect with us

Hi, what are you looking for?

Foreign Policy

UK passes first step to join Pacific trade bloc

LONDON — U.K. Trade Secretary Anne-Marie Trevelyan will tour three Asian nations next week after Britain passed a crucial hurdle to join an 11-nation trade bloc.

It was confirmed last night that the U.K. had passed the first stage of the accession process for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, meaning its overall approach to trade was approved.

It means London moves on to the second and final phase of the process, the actual negotiations on market access to the trade group.

“CPTPP is one of the largest and most exciting free-trading clubs in the world,” Trevelyan said in a statement. “Today’s announcement is a major milestone for us joining this dynamic group of economies and means the finish line is in sight.”

She will visit Indonesia, Japan and Singapore next week to oversee the launch of the negotiating process. 

The trade department claims CPTPP is a £8.4 trillion market. Britain hopes to join before the end of 2022 as part of its wider foreign policy agenda to deepen ties with the Asia-Pacific region. 

CORRECTION: This article has been updated to correct the trade department’s estimate of the value of CPTPP accession.

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like


A leading food economist has warned against moving away from natural gas production too soon, arguing more people will starve to death if the...


Soňa Muzikárová is a chief economist at Globsec.She is a former European Central Bank economist and a former diplomat to the OECD.  There are...


BRUSSELS and LONDON — The European Union has confessed it is holding back funding for British scientists as punishment for U.K. Prime Minister Boris...


BERLIN — German Chancellor Olaf Scholz said Thursday he didn’t rule out changes to the EU treaties but also warned against institutional navel-gazing. Scholz’s remarks...


Britain’s secretary of state for Northern Ireland, Brandon Lewis, is going over the heads of deadlocked local politicians to order the rollout of state-funded...


British police issued fines to 126 people in the Partygate probe that has rocked the British government for months, but have spared Prime Minister...


Polish Prime Minister Mateusz Morawiecki on Thursday said Warsaw would defend Sweden and Finland if they were attacked during their accession process to military...

Foreign Policy

LONDON — For nearly 150 years, the United Kingdom’s embassy to Japan occupied a prime piece of Tokyo real estate across the river from...