UK aims to complete Pacific Trade Group talks next year – FT

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UK Trade Minister Liz Truss speaks with Reuters following the signing of a free trade agreement with Singapore in Singapore on December 10, 2020. REUTERS / Pedja Stanisic

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Aug.28 (Reuters) – Britain aims to conclude negotiations to join the Trans-Pacific Trade Group by the end of 2022, the Financial Times reported on Saturday, citing International Trade Secretary Liz Truss.

“We can conclude the negotiations by the end of next year,” Truss told the newspaper.

She argued that the deal would help Britain benefit from economic growth in the Asia-Pacific region.

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Britain was given the green light in June to begin the process of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership from 11 countries – Japan, Canada, Australia, Vietnam, New Zealand, Singapore, Mexico, Peru, Brunei, Chile and Malaysia. Read more

Truss told the FT that she expects trade between the United States and Britain to be liberalized if Washington joins the group. Then-President Donald Trump pulled the United States out of a precursor to the trade pact in 2017.

“The United States was one of the first parties to the Trans-Pacific Partnership, and the new administration has not indicated that it wants to join it. But who knows what might happen in the future,” she said. declared.

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Report by Anirudh Saligrama in Bangalore; Editing by William Mallard

Our Standards: Thomson Reuters Trust Principles.


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