U.K. formally joins CPTPP to little fanfare and low expectations

Malaysia stands to gain from free palm oil exports but few other benefits seen

2023-07-13 Kemi Badenoch.jpeg

Business and Trade Secretary Kemi Badenoch says joining the CPTPP "will help grow the U.K. economy." London's own assessment shows a boost of 0.08% over 15 years. (Photo courtesy of U.K. Department for Business and Trade)

RHYANNON BARTLETT-IMADEGAWA, Nikkei staff writer

LONDON -- The U.K. on Sunday signed an agreement to join the CPTPP in Auckland, New Zealand, formalizing its accession as the first new member to the 11-nation trading bloc, although analysts see little economic impact from the deal.

Sponsored Content

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