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Trade

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

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)

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.

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