UK joining trans-Pacific trading bloc 'an important milestone': Gan Kim Yong

Business and Trade Secretary Kemi Badenoch signed the accession protocol for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership in New Zealand.

Mr Gan said on Sunday: "The entry of the UK into the CPTPP is an important milestone for our agreement that will benefit all members through access to the large UK market." The CCPTPP has been seen as a bulwark against Chinese dominance in the region, although Beijing has applied to join. The agreement is expected to come into force in the second half of next year, after parliamentary scrutiny and legislation.

For Brexit supporters, it has been seen as a chance for the UK to join other trading blocs with faster-growing economies than those closer to home - and boost the country's international geopolitical and economic clout.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

In Malaysia, trading using vending machines a way for lower income group to avoid handoutsAs part of a programme called the People’s Income Initiative, lower-income households in Malaysia are able to sell food and drinks at vending machines in areas with high footfall. The government pays for the monthly rental of these machines.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »