On the 28th local time, the British Secretary of State for International Trade Liz Truss stated that the United Kingdom plans to complete negotiations to join the Trans-Pacific Trade Group by the end of 2022.
"We will be able to conclude the negotiations before the end of next year," Truss told the media. She believes that the agreement will help Britain benefit from economic growth in the Asia-Pacific region. If the United States rejoins the agreement, she expects that trade between the United States and the United Kingdom may be liberalized.
In 2017, then US President Trump made the United States withdraw from the predecessor of the trade agreement. "The United States is one of the original parties to the Trans-Pacific Partnership, and the new government has not yet indicated that they want to join. But who knows what will happen in the future," Truss said.
According to reports, the United Kingdom was allowed to start the process of joining the "Comprehensive Progress Agreement for Trans-Pacific Partnership (CPTPP)" in June. The agreement was signed by 11 countries including Japan, Canada, Australia, Vietnam, New Zealand, Singapore, Mexico, Peru, Brunei, Chile and Malaysia. )
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