UK to apply for TPP membership Monday for 'bridge' to Asia

'We're at the front of the queue,' International Trade Secretary Liz Truss says

20210130NY UK Secretary of State Liz Truss CPTPP1

Liz Truss, the U.K.'s secretary of state for international trade, holds the CPTPP application document. The U.K. will look east for opportunities in its post-Brexit trade environment. (Photo courtesy of the U.K. Department for International Trade)

RHYANNON BARTLETT-IMADEGAWA, Nikkei staff writer

LONDON -- The U.K. will apply to join the Comprehensive and Progressive Trans-Pacific Partnership on Monday, in a major push to expand and deepen the country's trade links with the Asia-Pacific region after leaving the European Union.

"Joining CPTPP will create enormous opportunities for U.K. businesses that simply weren't there as part of the EU and deepen our ties with some of the fastest-growing markets in the world," U.K. International Trade Secretary Liz Truss said. "It will mean lower tariffs for car manufacturers and whisky producers, and better access for our brilliant services providers, delivering quality jobs and greater prosperity for people here at home," she said.

Sponsored Content

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