CPTPP

On 31 March 2023, the UK joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), having formally applied in February 2021. The deal will have economic benefits but could create friction with China, which has also applied for membership By joining the CPTPP, the UK becomes part of a club of 11 countries in the Indo-Pacific (Japan, Malaysia, Vietnam, Australia, Singapore, Brunei, New Zealand, Canada, Mexico, Peru and Chile) …

The CPTPP was born out of negotiations between the US and 11 nations on the Asia-Pacific rim; these economies originally sought to develop a trade pact to hedge against China’s rise. So why has China now applied to join the CPTPP? Joe Cash investigates The UK formally applied to join the Comprehensive & Progress Agreement for Trans-Pacific Partnership (CPTPP) on 2 February, a move that made headlines across the UK …