UK trade updates
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The UK aims to wrap up negotiations to join the trans-Pacific trade group by the end of 2022 and hopes that the US can be persuaded to rejoin the bloc, according to the international trade secretary.
In an interview with the Financial Times’ Payne’s Politics podcast, Liz Truss said that negotiations with the group of 11 countries was the immediate focus of the government’s “Global Britain” post-Brexit trade agenda.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership includes several fast-growing economies such as Mexico, Malaysia and Vietnam along with established regional players Japan, Australia, New Zealand and Canada.
Truss said she was hopeful “we will be able to have concluded negotiations by the end of next year” to join the bloc, arguing it would enable the UK to benefit from the “huge” economic growth in the Asia-Pacific region.
“Two-thirds of the world’s middle classes are going to live in Asia by 2030 and the types of…
