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Badenoch was speaking to the programme from New Zealand signed the UK up to the the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
China may end up being vetoed as a member of the CPTPP – it is hard to imagine Japan being too enthused by the idea of being in a free trade area that would inevitably end up being dominated by China.
Source: https://www.spectator.com.au/2023/03/the-cptpp-trade-deal-shatters-the-little-englander-brexit-myth/
HSBC chief executive Ian Stuart said: “The UK’s formal accession to CPTPP marks a significant milestone for UK trade, enabling ambitious British businesses to connect with the world’s most exciting growth markets for start-ups, innovation and technology.”
If Britain alone joins CPTPP, the combined GDP of the trading bloc will be £11 trillion according to the UK government.
IF the Philippines joins the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the country’s gains could reach $15 billion by 2027, according to estimates by the Asian Development Bank (ADB).
Source: https://businessmirror.com.ph/2023/03/31/joining-cptpp-could-net-phl-15b/
In the foreword to the Integrated Review Refresh 2023 (IR2023), an update to IR2021, British PM Rishi Sunak explains his pride in Britain's successful tilt to the Indo-Pacific region, referencing CPTPP in his comments.
Source: https://www.ibtimes.com.au/what-britains-role-global-international-order-1845672
Joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) marked Britain’s biggest trade deal since leaving the EU.
Joining the CPTPP is expected to expand this relationship further through a common commitment to trade liberalization.
Source: https://thediplomat.com/2023/06/why-global-britain-will-prove-a-welcome-partner-for-southeast-asia/
Mary Ng and Dennis Darby: Why bringing the U.K. into the CPTPP makes sense for Canadafinancialpost.
That seems overblown as the pact has a clear withdrawal provision which requires just six months notice: much like Britain leaving the EU, the UK could one day leave CPTPP.
Source: https://www.spectator.com.au/2023/03/britain-joining-cptpp-is-a-triumph-for-the-tories/