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Search resuls for: "Michael Rios Michelle Toh"


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☆ CPTPP: UK joins Japan, Australia and others in trans-Pacific partnership, its 'biggest trade deal since Brexit'
  + stars: | 2023-03-31 | by ( Michael Rios Michelle Toh | Michael Rios | Michelle Toh | ) edition.cnn.com   time to read: +4 min
The CPTPP is a free trade agreement with 11 members: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam. The UK agreement comes almost two years after it began talks to join the pact. The UK Office for Budget Responsibility, which produces economic forecasts for the government, expects Brexit to reduce Britain’s output by 4% over 15 years compared with remaining in the bloc. Becoming a CPTPP member means that more than 99% of UK exports to the 11 other countries will now be eligible for tariff-free trade. Services made up a huge chunk — 43% — of overall UK trade with CPTPP members last year, according to Sunak’s office.
☆ CPTPP: UK joins Japan, Australia and others in trans-Pacific partnership, its biggest trade deal since Brexit
  + stars: | 2023-03-31 | by ( Michael Rios Michelle Toh | Michael Rios | Michelle Toh | ) edition.cnn.com   time to read: +3 min
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 CPTPP is a free trade agreement with 11 members: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam. The UK agreement comes almost two years after it began talks to join the pact. In the year through September 2022, the United Kingdom exported £60.5 billion ($75 billion) worth of goods to CPTPP countries, Sunak’s office said in a statement. Services made up a huge chunk — 43% — of overall UK trade with CPTPP members last year, according to Sunak’s office.
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