UK Could Begin Process to Join Pacific Trading Block in Weeks

UK Could Begin Process to Join Pacific Trading Block in Weeks

A group of Pacific rim nations have welcomed Brexit Britain into accession talks to join the CPTPP trading bloc, with the government saying that negotiations could start in the coming weeks.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is the world’s third-largest free trade area comprising 11 countries spanning from South East Asia and Australasia to the Americas and covers 500 million people.

On Wednesday, the government announced that CPTPP nations had authorised Britain’s accession negotiations, with the UK set to continue working closely with Japan, the chairing nation of the CPTPP commission and the first country with which the UK signed a free trade deal after leaving the European Union.

International Trade Secretary Liz Truss said: “CPTTP membership is a huge opportunity for Britain. It will help shift our economic centre of gravity away from Europe towards faster-growing parts of the world, and deepen our

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