The U.K. seeks to conclude talks to join a trans-Pacific trade group by the end of 2022, International Trade Secretary Liz Truss told the Financial Times.
Truss said negotiations with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership’s 11 member countries would be the immediate focus for a “Global Britain” post-Brexit trade agenda, the paper reported. The trade bloc includes emerging economies such as Mexico and Vietnam, and advanced ones including Japan and Canada.
The European Union will be a smaller proportion of the world economy in the next few decades while CPTPP members will take a bigger share, the paper cited Truss as saying.