Adding the UK to the trans-Pacific trade agreement is expected to win formal approval Sunday.
Ministers from the 11 countries in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership are set to greenlight the move at a meeting in New Zealand. Japan is a member and will be represented by Economic Revitalization Minister Goto Shigeyuki.
The pact, widely known as the CPTPP, came into force on Wednesday in all 11 countries that originally signed it. This comes after Brunei completed its ratification process.
The UK would be the first European country to join.
The combined population of countries in the bloc will be about 580 million, representing total GDP of around 15 trillion dollars.
During Sunday's meeting, the ministers are also expected to discuss how to respond to applications by economies including China, Taiwan and Ukraine.
Unanimous approval from all member states is required for any new entry.
Ministers from the 11 countries in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership are set to greenlight the move at a meeting in New Zealand. Japan is a member and will be represented by Economic Revitalization Minister Goto Shigeyuki.
The pact, widely known as the CPTPP, came into force on Wednesday in all 11 countries that originally signed it. This comes after Brunei completed its ratification process.
The UK would be the first European country to join.
The combined population of countries in the bloc will be about 580 million, representing total GDP of around 15 trillion dollars.
During Sunday's meeting, the ministers are also expected to discuss how to respond to applications by economies including China, Taiwan and Ukraine.
Unanimous approval from all member states is required for any new entry.
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Summary
The UK's accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to gain formal approval at a meeting in New Zealand on Sunday. This makes the UK the first European country to join this trade bloc, consisting of 11 countries with a combined
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| 2023/07/16 18:50 | Anonymous | 145 | - | - |
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ID: 0e090d90-03b8-4eba-82bd-ce2ff80f13b2
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230715_12/
Date: July 15, 2023
Created: 2023/07/16 11:37
Updated: 2025/12/09 01:55
Last Read: 2023/07/16 18:50