Reuters.- The UK on Monday submitted a formal request to join the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP, for its acronym in English), seeking to enter into agreements from 11 countries, Mexico among them, to pave new avenues for them. trade after Brexit.
Announcing the decision, Commerce Secretary Liz Truss said it would put Britain “at the heart of some of the world’s fastest growing economies”.
The request comes on the first anniversary of Britain’s official separation from the European Union, ahead of a transition period that ends at the end of 2020.
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London is now adjusting to the new terms of its trade with the EU, where frictionless operations have been replaced by small deals that, in many cases, make exports to the bloc more complicated and expensive.
The CPTPP collects 95% of the fees among its members: Japan, Canada, Australia, Vietnam, New Zealand, Singapore, Mexico, Peru, Brunei, Chile and Malaysia.
The UK has argued that the main advantage of leaving the EU is the freedom to make deals around the world, and it is moving quickly to try to find consensus on the need to revive global trade after a period of rising nationalism.
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