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Trade

U.K. accepted as 12th member of CPTPP trade bloc

Group aims to finalize first nonfounding member's accession in July

Container ships at the Port of Felixstowe in England. CPTPP members have agreed on Britain's entry into the grouping.   © Reuters

TOKYO -- Trade officials from the 11 member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on Friday agreed on the U.K.'s entry, a milestone that will expand the Asia-Pacific bloc's coverage to the edge of Europe.

"They welcomed the substantial conclusion of the negotiations for the accession of the U.K. to the CPTPP," according to a joint ministerial statement released after the online meeting, where Britain was also present.

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