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BBCNEWS World Business Report July 6, 2024 - Vimarsana News

BBCNEWS World Business Report July 6, 2024

the uk has struck a deal to join a trans—pacific trade pact consisting of 11 countries. together — australia, brunei, canada, chile, japan, malaysia, mexico, new zealand, peru, singapore and vietnam — account for 13% of global gdp. the pact — called the comprehensive progressive agreement for trans—pacific partnership — aims to cut or reduce 95% of import charges or tariffs. but some will be retained to protect sensitive domestic areas. the initial gains for britain will only be marginal, as it already has free trade deals with 9 of the 11 countries involved, and the gove...

BBCNEWS World Business Report June 4, 2024 04:35:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 04:35:00

Looking inwards. and that gives even stronger reason why accession by the uk into cptpp is so important, because the economies in the cptpp are the most dynamic, the fastest growing economies in the world and being part of that free trade environment is going to be essential to economy and the future. a, _, be essential to economy and the future. ., ~ , future. marco, thank you very much for _ future. marco, thank you very much for your _ future. marco, thank you very much for your time, - future. marco, thank you very much for your time, thank - future. marco, thank you very l much for your t...

BBCNEWS World Business Report June 4, 2024 04:33:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 04:33:00

Can be sold to an engine manufacturer in the uk and that engine can be sold to a car manufacturer in malaysia, all of that is tariff— free and so thatis of that is tariff— free and so that is a really important step forward. on the third point i wanted to go onto the geopolitics of this because cptpp is one of the most modern and progressive trade agreements. ——. it's based on the principles of a liberal, free trade rules —based environment so huge positives and the long—term potential of the accession of future nations and economies into cptpp gives and economies into cptpp gives ...

BBCNEWS World Business Report June 4, 2024 04:34:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 04:34:00

And taiwan have applied, they applied in september 2021, i think it was, tojoin applied in september 2021, i think it was, to join this pact. how likely is it that they will be successful in that application and what would mean? i application and what would mean? ~ . mean? i think there are challenges _ mean? i think there are challenges and - mean? i think there are challenges and debates| mean? i think there are - challenges and debates and discussions to be had from the cptpp members around china and taiwan but there are a raft of other nations also looking. thailand, indonesia, ecuador, ur...