Britain becomes the 12th member of the largest trade agreement after Brexit
Kyiv • UNN
The United Kingdom has joined the Trans-Pacific Trade Pact, which includes 11 countries in the Asia-Pacific region. The country will have access to preferential trade terms with eight parties to the agreement.
Britain has become the 12th member of the Trans-Pacific Trade Pact, joining an agreement that includes Japan, Australia, Canada and other countries in the Asia-Pacific region. This was reported by Reuters, according to UNN.
Details
Earlier last year, the United Kingdom announced its intention to join the agreement, which is considered London's largest post-Brexit trade deal. The country will now have access to a number of preferential trade terms and duty discounts with eight of the 11 other parties to the agreement - Brunei, Chile, Japan, Malaysia, New Zealand, Peru, Singapore and Vietnam.
This step is considered strategic for Britain, which is trying to strengthen its economic position in the face of global challenges and ensure stability after the break with the EU.
