Atlanta/Hong Kong CNN — Britain has reached an agreement to join a major trans-Pacific partnership, calling it its biggest trade deal since Brexit.
The country will become the first new member, and the first in Europe, to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) since it came into force in 2018.
British Prime Minister Rishi Sunak announced the move early Friday, hailing it as a historic move that could help lift economic growth in the country by £1.8 billion ($2.2 billion) in the long run.
“The bloc is home to more 500 million people and will be worth 15% of global GDP once the UK joins,” Sunak’s office said.
The CPTPP is a free trade agreement with 11 members: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam. It succeeded the Trans-Pacific Partnership after…
2023-03-30 23:01:55
Original from www.cnn.com