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Brexit Britain Applying to Join 11-Nation Pacific Free Trade Pact

Brexit Britain Applying to Join 11-Nation Pacific Free Trade Pact 31 Jan 2021 Britain is taking advantage of its newfound autonomy from the EU to apply for membership of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). Before Brexit, Britain could not strike its own international trade deals, with such agreements being the purview of Brussels. This prevented the country from trading freely with many key partners, including the United States, Australia, and New Zealand as vested interests in other EU member-states felt deals with these countries would not be to their advantage. This has changed with Brexit, with the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), comprised of Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam being viewed by Boris Johnson’s government as a bloc with a great deal of potential, particularly if the United States joins it in the coming years.

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