UK plans to join CPTPP; move will boost economic security
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Lee U-Wen
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Singapore
THE United Kingdom will submit an application in early 2021 to join a major regional free trade pact called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). If successful, this would open the doors to a market that currently has a combined gross domestic product (GDP) of over US$10 trillion.
Speaking to The Business Times in an interview on Thursday, British Secretary of State for International Trade Elizabeth Truss said the UK has already had meetings with the chief negotiators of all 11 CPTPP members, including Singapore.
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