Kemi Badenoch has struck a trade deal with the huge Indo-Pacific trade bloc
THE MEGA AGENCY
The deal struck by Kemi Badenoch in the early hours of Friday, opening the way for Britain to join the CPTPP, a huge Indo-Pacific trade bloc, is a significant achievement for the government and welcome boost to the country’s post-Brexit fortunes. It means that Britain will become the first country from outside the region to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership since it was established in 2018 to increase trade links between its 11 members. Once Britain joins, the CPTPP will be home to 500 million people and be worth 15 per cent of global GDP, which is more than the 27 members of the European Union. Those figures are sure to rise given that other countries are queueing up to join.
