LONDON: The UK government on Sunday (Jul 16) announced it had formally signed a treaty to join a major Indo-Pacific bloc, as it looks beyond Europe for trading opportunities post-Brexit.
Business and Trade Secretary Kemi Badenoch signed the accession protocol for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership in New Zealand.
Mr Gan said on Sunday: "The entry of the UK into the CPTPP is an important milestone for our agreement that will benefit all members through access to the large UK market." The CCPTPP has been seen as a bulwark against Chinese dominance in the region, although Beijing has applied to join. The agreement is expected to come into force in the second half of next year, after parliamentary scrutiny and legislation.
For Brexit supporters, it has been seen as a chance for the UK to join other trading blocs with faster-growing economies than those closer to home - and boost the country's international geopolitical and economic clout.
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