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UK becomes first new member to join major Asia-Pacific trade bloc CPTPP

  • The UK has formally signed the treaty to join the CPTPP, becoming the first new member since its formation.
  • The CPTPP covers 11 nations around the Pacific, including Japan, Canada, Australia and others.
  • Joining the CPTPP is the UK's biggest trade deal since leaving the EU.
  • The deal will eliminate most tariffs for UK exports and provide access to a huge market.
  • The pact is central to the UK's post-Brexit policy of strengthening ties in the Indo-Pacific region.
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