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The business secretary, Kemi Badenoch, has signed off UK membership to a large Indo-Pacific trade bloc that the government argues will bring British businesses a step closer to selling to a market of 500 million people with fewer barriers.
The Trade Secretary signed a treaty confirming the UK’s accession to the CPTPP, paving the way for businesses to access a vast and growing market.
Kemi Badenoch signs CPTPP accession protocol in New Zealand, in move set to cut tariffs for UK exporters
Britain is the first new member and first European nation to join the bloc since its formation in 2018.
Minister claim the deal will add £1.8bn a year to the UK economy by the end of the decade - but critics say it's far from the benefits of free trade with the EU before Brexit