UK signs treaty to join Trans-Pacific free trade bloc

"I'm delighted to be here in New Zealand to sign a deal that will be a big boost for British businesses and deliver billions of pounds in additional trade, as well as open up huge opportunities and unparalleled access to a market of over 500 million people," said Badenoch.ReutersNew Zealand Prime Minister Chris Hipkins shakes hands with Malaysian Minister of Investment, Trade and Industry Tengku Abdul Aziz, as Britain signs the treaty to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, in Auckland, New Zealand July 16, 2023..

The UK on Sunday formally signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade bloc, a move it says will help grow the country's economy and provide access for British businesses to a market of over 500 million people..

The UK will now seek to ratify the agreement, which will include parliamentary scrutiny as the CPTPP member countries complete their legislative processes to admit Britain into the trading bloc - of which India is not a member.. "I'm delighted to be here in New Zealand to sign a deal that will be a big boost for British businesses and deliver billions of pounds in additional trade, as well as open up huge opportunities and unparalleled access to a market of over 500 million people," said Badenoch...

The agreement for the UK's membership is expected to come into force by next year after all member nations ratify the deal.. British whisky and cars have been flagged as among 99 per cent of current UK goods exports to the CPTPP countries set to be eligible for zero tariffs as UK businesses gain "unparalleled access" to the new trans-Pacific free trade market which includes 11 countries around the Pacific rim: Canada, Mexico, Peru, Chile, New Zealand, Australia, Brunei, Singapore, Malaysia, Vietnam and Japan.. Read More News on..

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