CPTPP trade bloc to give U.K. green light to join

Group now faces more geopolitically charged applications from China and Taiwan

20230307 cptpp trade

Britain's Port of Felixstowe, its busiest container port. The U.K. is set to join the CPTPP free trade bloc, although it already has bilateral deals with many of the members. © Reuters

RHYANNON BARTLETT-IMADEGAWA, Nikkei staff writer

LONDON -- The 11 members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership are expected to allow the U.K.'s accession to the free trade bloc this week, taking a step to expand the group to include a European nation.

According to sources familiar with the negotiations, member states are set to give the green light at an online ministerial meeting on Friday. Further processes will then follow to formalize the entry.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.