British apply for membership in the Free Trade Agreement

Joining the Free Trade Agreement, in which all other members are from the Pacific, will help raise tariffs on food and beverage and cars as well as the technology and service sectors. The report said British Trade Secretary Liz Truss was talking to his colleagues in Japan and New Zealand on Monday about a formal request to join the CPDP.

“Applying as the first new country to join the CPTPP is a testament to our ambition to do better business with our friends and partners around the world and to be an enthusiastic champion in 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.”