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UK applies to join Pacific free trade area where Chile is a member English
From: Port of Valparaíso, Chile.
The UK government is formally applying to join one of the world’s largest free-trade areas, to position the UK at the heart of emerging economies in the Pacific and support jobs across the UK.
UK International Trade Secretary Liz Truss spoke with Ministers in Japan and New Zealand on Monday morning (1 February 2021) to request to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), the first formal step before negotiations start later this year.
UK membership would enhance trade with CPTPP nations, including Chile, by opening up new markets and opportunities for UK businesses while encouraging greater inward investment and strengthening the UK’s ties with the Indo-Pacific region and the Americas.