Britain agrees to join trans-Pacific trade pact

London: Britain has decided to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Prime Minister Rishi Sunak announced.

Britain will be the first new member since the creation of the CPTPP in 2018 and the first European country in the bloc.

“Joining the CPTPP trade bloc puts the UK at the center of a dynamic and growing group of Pacific economies,” said Sunak. “British businesses will now enjoy unparalleled access to markets from Europe to the south Pacific.”

Membership will “support jobs and create opportunities for companies of all sizes and in all parts of the UK,” Business and Trade Secretary Kemi Badenoch said.