Britain begins negotiations to join trans-Pacific trade deal.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) removes 95% of tariffs between its members: Japan, Canada, Australia, Vietnam, New Zealand, Singapore, Mexico, Peru, Brunei, Chile and Malaysia.
China has made an application to join the CPTPP but it needs the majority of votes or 100 percent votes (not sure) from current members to get in. Australia and Japan are kicking up a stink.
China last week approved a new FREE TRADE deal with NZ. Adern.,NZ PM is smiling all the way to the bank!
One of the largest free trade agreements ever negotiated, the CPTPP is now being made law at home by its 11 member countries, which, in addition to Canada, include Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
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