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Britain joining trade pact CPTPP has marginal immediate benefits, but opportunities are plentiful
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Trade analysts warn that the initial benefits of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership membership for the British economy will be slight.
PHOTO: REUTERS
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LONDON – Britain has become the first non-founding member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a bloc offering free trade access to 500 million people across 11 nations.
“Fantastic news for UK business and consumers as we increase trade with the dynamic Indo-Pacific region, providing the future of global GDP growth,” British Trade Secretary Kemi Badenoch tweeted in the early hours of Friday morning.
