- UK to join 11-nation Indo-Pacific free-trade bloc, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
- Membership will give UK a role in setting regional trade rules and eventually ensure zero-tariff trade.
- Membership will boost UK access to Mexico, Canada and Japan for dairy exports, and UK's automotive and alcohol industries.
- UK expects growth of £1.8bn each year over the long-term, and the bloc will be worth 15% of global GDP once UK joins.
- Membership will further align Britain with the Indo-Pacific region and counter China.
UK to Join Indo-Pacific Trade Bloc in Major Post-Brexit Pact
The UK will join an 11-nation Indo-Pacific free-trade bloc, becoming the first new member since its creation, in a bid to strengthen economic ties with new partners following divorce from the European Union.
Ellen Milligan
