UK claims post-Brexit win by sealing trans-Pacific trade pact membership

Britain will be the first new member since the creation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership in 2018, and the first European country in the bloc.

The development fulfils a key pledge of Brexit supporters that, outside the European Union, the UK could capitalise on joining other trade blocs with faster-growing economies than those closer to home. "As part of CPTPP, the UK is now in a prime position in the global economy to seize opportunities for new jobs, growth and innovation."

The remaining members are Mexico, Chile and Peru, along with Malaysia, Singapore, Vietnam and Brunei.Despite rising geopolitical tensions, in particular with Canberra, China formally applied to join the bloc in 2021.Since Britain's quit the EU's single market in 2021, it has been trying to strike bilateral deals to boost its international trade -- and flagging economy.

British exports to them were already worth £60.5 billion in the year to the end of September 2022, and are expected to grow once inside the CPTPP, according to Downing Street.

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cebu Pacific cuts losses as revenues surge 261% in 2022With the resurgence in travel demand, Cebu Pacific trims its net loss to P14 billion in 2022, from P24.9 billion in 2021.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Metro Pacific acquiring 16% stake in Levisite’s SP New Energy for P2bInfrastructure conglomerate Metro Pacific Investments Corp. is acquiring a 16-percent stake in solar energy provider SP New Energy Corp. for
Source: MlaStandard - 🏆 20. / 55 Read more »

Cebu Pacific brings back their P99 CEB Super Pass for one day onlyCebu Pacific is brining back their CEB Super Pass Sale this March 31 only. ✈️ Starting 10 a.m. up to 8 p.m., you can buy as many one-way passes for just P99 each! | via philstarlife
Source: PhilippineStar - 🏆 7. / 71 Read more »

Filipino restos Toyo Eatery, Metiz among Asia's 50 Best Restaurants for 2023Two Makati City restaurants make it to the prestigious list in 2023! ok naman TOYO, masarap kakaiba. Pero parang overrated sya. Unlike nun mga humble Michelin restos sa Bangkok. saTotooLang
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Two PH restaurants included in Asia's 50 Best Restaurants 2023The Philippines had a strong showing this year in the Asia's 50 Best Restaurants list.
Source: gmanetwork - 🏆 12. / 63 Read more »

Sass, class, and badass: Meet Chelsea Marie, the first transwoman pro wrestler in Southeast AsiaEnter Chelsea Marie, a model, rapper, dancer, trans activist, and the first transwoman pro wrestler in Southeast Asia under the Manila Wrestling Federation (MWF).
Source: gmanews - 🏆 11. / 68 Read more »