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Britain’s CPTPP entry adds a new twist to Asia’s geopolitics
The expanded free trade bloc will now have to deal with the complicated membership applications of China and Taiwan
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CPTPP’s combined GDP expands to an estimated US$14.8 trillion from US$11.7 trillion, with Britain's entry.
PHOTO: REUTERS
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Ordinarily, any movement in market opening arrangements such as trade deals – which tend to be glacial in the best of times – are to be welcomed.
Post-Brexit United Kingdom’s entry in April into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership
