Britain Wants In On Trans-Pacific Partnership To Kick-Start Exports After Brexit.
Britain has held informal talks about joining a flagship Pacific trade group, in an audacious bid to kick-start exports after Brexit. The proposal would make the UK the first member of the Trans-Pacific Partnership that does not border the Pacific Ocean or the South China Sea.
The UK’s trade relationship with TPP countries pales in comparison with its existing one with fellow EU members or the US. All 11 TPP countries accounted for less than 8 per cent of UK goods exported last year, in comparison with Germany, which alone accounted for 11 per cent. The UK’s accession would have to wait until a Brexit deal is agreed. (FT)