The British government announced that the UK is applying to join CPTPP on Monday. “A year after we left the European Union, we are establishing new partnerships that will bring tremendous economic benefits to the British people,” Prime Minister Boris Johnson said in a statement.
The UK government has said joining the FTA will raise food, drink and auto tariffs while helping to boost the technology and service sectors. The statement said British International Trade Minister Liz Truss was speaking with colleagues in Japan and New Zealand on Monday about a formal application to join the CPTPP.
Johnson said, “By registering as the first new country to join CPTPP, we are demonstrating our ambition to do business on the best terms with our friends and partners around the world and to be an ardent champion of global free trade.
that A comprehensive and progressive Trans-Pacific Partnership Agreement It closed in 2018. It is currently in effect in Mexico, Japan, Singapore, New Zealand, Canada, Australia and Vietnam. Brunei, Chile, Malaysia and Peru have not yet ratified the treaty. Originally, the United States would have also participated, but in 2017 Donald Trump decided not to participate. Truss previously called the CPTPP “one of the most dynamic free trade areas in the world”.
