London: It may be on the other side of the world, but that’s not stopping Britain from applying to join a trade partnership in and around the Pacific Ocean.
A year after it formally left the European Union, the British government said on Saturday (local time) that it wants to join the 11-country Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which removes most tariffs between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
International Trade Secretary Liz Truss is set to speak to officials in Japan and New Zealand on Monday to formally make the request. Negotiations are expected to commence this year.
The government says joining the partnership would deepen ties with fast-growing economies, including Mexico, Malaysia and Vietnam.