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Britain aims to conclude Pacific trade group talks by end of 2022
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The Japan Times reported according to Reuters that the Financial Times reported on Saturday, citing International Trade Secretary Liz Truss, Britain aims to conclude negotiations to join the trans-Pacific trade group by the end of 2022.


Truss told the newspaper: “We will be able to have concluded negotiations by the end of next year.”


She argued that the deal would help Britain benefit from economic growth in the Asia-Pacific region.


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Britain received a green light in June to start the process of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership of 11 countries — Japan, Canada, Australia, Vietnam, New Zealand, Singapore, Mexico, Peru, Brunei, Chile and Malaysia.


Truss told the FT she expects trade between the United States and Britain could be liberalized if Washington rejoined the group.


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Then-President Donald Trump pulled the United States out of a forerunner of the trade pact in 2017.


She said: “The United States was one of the initial parties in the Trans-Pacific Partnership, and the new administration has not indicated they want to join it. But who knows what might happen in the future.”


Source: japantimes