With the EU pushing the narrative that Britain will be worse off outside of the EU, this news of progress towards CPTPP negotiations will anger Brussels.
Today the UK’s bid to join the Trans-Pacific Partnership has been accepted by the nations of the CPTPP.
With this, the UK will be working to progress negotiations quickly, closely working with Japan, which is this year’s chair of the CPTPP.
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 access to massive consumer markets in the Asia-Pacific.”
“We would get all the benefits of joining a high-standards free trade area, but without having to cede control of our borders, money or laws.”
The CPTPP comprises 11 countries Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, with a market population of 500 million people.