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The UK government has announced that it is applying to join the CBDP trade camp on Monday. “One year after we left the EU, we are building new alliances that will bring enormous economic benefits to the British people,” Prime Minister Boris Johnson said in a statement.
Joining the Free Trade Agreement, which includes all other members around the Pacific, will help raise food and beverage and car tariffs as well as the technology and service sectors. The report said British Trade Secretary Liz Truss was talking to her colleagues in Japan and New Zealand on Monday about a formal request to join the CPDP.
“Applying to be the first new country to join the CPTPP is a testament to our ambition to trade with our friends and partners around the world in the best terms and to be an enthusiastic champion of global free trade,” Johnson said.
The comprehensive and progressive agreement for the Trans-Pacific Partnership ended in 2018. This is a further development of the TPP agreement in which the United States will participate. However, in 2017, Donald Trump decided that the United States would not continue to participate.
Currently, the CPTPP agreement is in force in Mexico, Japan, Singapore, New Zealand, Canada, Australia and Vietnam. Brunei, Chile, Malaysia and Peru have not yet ratified the agreement. Truss previously called the CPDP countries “one of the most powerful free trade regions in the world.”
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