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China's application, by far the biggest economy, is next in line if they are dealt with in the order they were received, although that is not a given. The free trade agreement has its roots in the U.S.-backed Trans-Pacific Partnership, developed in part to counter China's growing economic dominance. I think that is completely wrong," Tim Groser, a former New Zealand trade minister and chief trade negotiator said. For CPTPP members, China's application is not the only political dilemma. Taiwan is also seeking to join the pact, in a move opposed by China that member trade negotiators remain unsure about.
Persons: Chris Hipkins, Shigeyuki Goto, Damien O’Connor, Trade Kemi, Damien O'Connor, Donald Trump, Henry Gao, couldn't, Tim Groser, CPTPP, Graham Zebedee, Britain's, New Zealand Wang Xiaolong, Hopes, Wang Huiyao, Antony Blinken, Natalie Black, Lucy Craymer, Joe Cash, Jamie Freed Organizations: New Zealand, Economic, New, Trade, Export, State, Business, Malaysian, Beijing, Pacific, New Zealand's Trade, Pacific Partnership, Communist Party, Singapore Management University, Ministry of Foreign Affairs, World Trade Organization, Australia, Center for, Political, Comprehensive Economic, U.S, Asia Pacific, Thomson Locations: British, Trade Kemi Badenoch, Taiwan, AUCKLAND, BEIJING, China, Pacific, Britain, Auckland, Ukraine, Costa Rica, Uruguay, Ecuador, U.S, Japan, Australia, Canada, Beijing, New Zealand, SOEs, Mexico, Center for China, Wellington, Asia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK joins CPTPP trade pact: This was a complex deal to negotiate, official saysNatalie Black, U.K. trade commissioner for Asia-Pacific, says the Comprehensive and Progressive Agreement for Trans-Pacific Partnership is "genuinely is the best deal around."
Justin Tallis | AFP | Getty ImagesBritain struck a historic trade deal to join a vast Indo-Pacific trade bloc after nearly two years of intense negotiations. The U.K. said this was the country's largest post-Brexit trade deal and makes it the first European nation to join the CPTPP, since it came into force in 2018. watch nowNatalie Black, the U.K.'s trade commissioner for Asia Pacific, called it a "progressive deal" for Britain. Deborah Elms, executive director of the Asian Trade Centre, said it's very hard to calculate these trade figures, especially based on existing trade flows. watch nowThe trade flows are always "under what you actually are likely to see in the reality as businesses recognize the benefits and start to use a trade agreement like the CPTPP," she added.
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